Table 6-3
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 6-3. The cost of the basket

Question

Table 6-3
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 6-3. The cost of the basket

Quizplus · Accepted Answer

To find out the cost of the basket, we need to calculate the total cost of 5 books and 10 calculators using their respective prices for both years. 
For 2006: (5 books x $6 per book) + (10 calculators x $2 per calculator) = $30 + $20 = $50
For 2007: (5 books x $8 per book) + (10 calculators x $3.50 per calculator) = $40 + $35 = $75
Therefore, the cost of the basket increased by $25 from 2006 to 2007. The only option that represents this increase is C, which states that the cost increased by $70. This is incorrect, so we need to find the option that is closest to $25, which is B. But since none of the options give the exact answer, B is also incorrect. Therefore, the best answer is C, which is the closest option to the actual increase in the cost of the basket.

Table 6-3 The Table Below Pertains to Studious, an Economy in Which