Table 16-3
The table below pertains to Studious,an economy in which the typical consumer's basket consists of 5 books and 10 calculators.

-Refer to Table 16-3.The cost of the basket

Question

Table 16-3
The table below pertains to Studious,an economy in which the typical consumer's basket consists of 5 books and 10 calculators.
 
-Refer to Table 16-3.The cost of the basket

Quizplus · Accepted Answer

In 2006, the cost of the basket was $200 (5 books at $20 each + 10 calculators at $10 each). 
In 2007, the cost of books increased to $25 each, and the cost of calculators increased to $12 each. 
Therefore, in 2007, the cost of the basket would be $325 (5 books at $25 each + 10 calculators at $12 each).
So, the cost of the basket increased by $70 from 2006 to 2007. Therefore, the correct choice is (C).

Table 16-3 the Table Below Pertains to Studious,an Economy in Which the Which