Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Month Pasta (dollars per pound) Yogurt (dollars per package) Lemonade (dollars per bottle) January $1.83 $1.14 $2.58 February 1.90 1.04 2.35 March 2.07 0.95 2.54 April 2.26 1.04 2.77 Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $. In February, the total monthly cost was $ and (Click to select). In March, the total monthly cost was $ and (Click to select). In April, the total monthly cost was $ and (Click to select). b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? $Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ In March, the total monthly cost was $ and and ✔ (Click to select) In April, the total monthly cost was $ and b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Month January February Pasta (dollars per pound) $1.83 1.90 2.07 2.26 Yogurt (dollars per package) $1.14 1.04 0.95 1.04 Lemonade (dollars per bottle) $2.58 March April Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ In March, the total monthly cost was $ In April, the total monthly cost was $[ b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? and ✓ (Click to select) and and (C 2.35 2.54 2.77 deflation occurred no inflation occurred inflation occurred

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents
buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have
recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table
below. Hanna's Meals Month Pasta (dollars per pound) Yogurt (dollars per package) Lemonade (dollars per
bottle) January $1.83 $1.14 $2.58 February 1.90 1.04 2.35 March 2.07 0.95 2.54 April 2.26 1.04 2.77
Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's
meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these
months. In January, the total monthly cost was $. In February, the total monthly cost was $ and (Click to
select). In March, the total monthly cost was $ and (Click to select). In April, the total monthly cost was $
and (Click to select). b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade,
how much more money will they have to spend during the month of April compared to January? $Hanna,
who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32
pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the
prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below.
Hanna's Meals Instructions: Round your answers to two decimal places. a. Compute the total monthly cost
of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred
during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ In
March, the total monthly cost was $ and and ✔ (Click to select) In April, the total monthly cost was $ and b.
If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money
will they have to spend during the month of April compared to January?
Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79
packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for
the last four months, as shown in the table below.
Hanna's Meals
Month
January
February
Pasta (dollars per
pound)
$1.83
1.90
2.07
2.26
Yogurt (dollars per
package)
$1.14
1.04
0.95
1.04
Lemonade (dollars per
bottle)
$2.58
March
April
Instructions: Round your answers to two decimal places.
a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation
occurred during these months.
In January, the total monthly cost was $
In February, the total monthly cost was $
In March, the total monthly cost was $
In April, the total monthly cost was $[
b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend
during the month of April compared to January?
and ✓ (Click to select)
and
and (C
2.35
2.54
2.77
deflation occurred
no inflation occurred
inflation occurred
Transcribed Image Text:Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Month Pasta (dollars per pound) Yogurt (dollars per package) Lemonade (dollars per bottle) January $1.83 $1.14 $2.58 February 1.90 1.04 2.35 March 2.07 0.95 2.54 April 2.26 1.04 2.77 Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $. In February, the total monthly cost was $ and (Click to select). In March, the total monthly cost was $ and (Click to select). In April, the total monthly cost was $ and (Click to select). b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? $Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ In March, the total monthly cost was $ and and ✔ (Click to select) In April, the total monthly cost was $ and b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? Hanna, who is a 5-year-old girl, eats nothing but pasta, yogurt, and lemonade. Each month her parents buy 32 pounds of pasta, 79 packages of yogurt, and 22 bottles of lemonade. Hanna's parents have recorded the prices per unit of pasta, yogurt, and lemonade for the last four months, as shown in the table below. Hanna's Meals Month January February Pasta (dollars per pound) $1.83 1.90 2.07 2.26 Yogurt (dollars per package) $1.14 1.04 0.95 1.04 Lemonade (dollars per bottle) $2.58 March April Instructions: Round your answers to two decimal places. a. Compute the total monthly cost of Hanna's meals and indicate whether inflation, deflation (negative inflation), or no inflation occurred during these months. In January, the total monthly cost was $ In February, the total monthly cost was $ In March, the total monthly cost was $ In April, the total monthly cost was $[ b. If Hanna's parents want to buy the same quantity of pasta, yogurt, and lemonade, how much more money will they have to spend during the month of April compared to January? and ✓ (Click to select) and and (C 2.35 2.54 2.77 deflation occurred no inflation occurred inflation occurred
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