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What is the answer for question 11) ? http://postimg.org/image/yap8msn29/
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At present price of the gasoline is P =.90$
Inflation=2.5% per year=.025
Price of gasoline after 10 year increase exponentially as
Thus price of 60 litres gasoline= 60x1.1521 =69.1246 $
= 69 $.
(i) Production cost . also influence price.
Posted by pramodpandey on April 26, 2013 at 3:30 AM (Answer #1)
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