Suppose Joe Alumni notices that the cost of football tickets increased from $20 per game in 1980 (when he graduated) to $50 dollars per game in 2004.The cost of a hot dog and a coke (his typical game food) has also increased, from $3 in 1980 to $6.50 in 2004.And a program costing $2 in 1980 cost $6 in 2004 (he buys one every game).If each of these items is weighted equally (since he buys one of each item per game), what is Joe Alumni's "football game price index" for a single football game?

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The Answer of Suppose Joe Alumni notices that the cost of football tickets increased from $20 per game in 1980 (when he graduated) to $50 dollars per game in 2004.The cost of a hot dog and a coke (his typical game food) has also increased, from $3 in 1980 to $6.50 in 2004.And a program costing $2 in 1980 cost $6 in 2004 (he buys one every game).If each of these items is weighted equally (since he buys one of each item per game), what is Joe Alumni's "football game price index" for a single football game?

Suppose Joe Alumni Notices That the Cost of Football Tickets