Question: Question 3 (2 + 2 + [2 + 3] = 9 marks) a) The average retail price of a 500g jar of strawberry jam, 1kg
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Question 3 (2 + 2 + [2 + 3] = 9 marks) a) The average retail price of a 500g jar of strawberry jam, 1kg sausages and 500g of processed cheese slices are shown below for June quarters in years 2000 and 2005. 2005 Item Unit Quantity 2000 sold in Price ($) Price ($) Strawberry 500g 2.01 2.39 Sausages 1kg 3.61 4.54 Cheese(sliced) 500g 3.32 3.19 Using 2000 as the base year, find the Smple Aggregate Price index.b} An executive has been werking since the end of EMS. At that time: she commenced on what she thought was an attractive salary.r at $ QBD. What should he her salaryr in 22. if she wants to maintain her purchasing power that she had in 2m 3? The CPI for EMS is 98.4 while the CPI fer 22 is 1136.6 c) CempTec Industries has a small plant that manufactures hard drives fer lapteps. Its annual xed casts are $B,l]l]{l, and its variable costs are $512} per unit. It can sell a hard drive for $812]. i] Hew man}.r hard drives must the cempanv sell to break even? ii) If the xed costs have been increased to $Q,l] and the CED 1wants to get the breakeven amount to remain the same as in part i), how much should we sell the hard drive fer? Note: The variable tests remain constant
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