$8.19 million
Explanation:
A movie star was paid $1 million in 1960 to do a movie
The CPI was 29.3 in 1960
The CPI in 2014 was 240
Therefore the amount that was earned in dollars by the movie star in 2014 can be calculated as follows
= 240/29.3
= 8.19 Γ $1 million
= $8.19 million
Hence the movie star earned $8.19 million in 2014
Option a (None of the options are correct) is the right alternative.
Explanation:
A manner of opportunities and management when two or even more businesses have quite a share of the economy would be characterized as an oligopoly. Those who can determine production and prices throughout the combination.Every opportunity to make simplification generalizations underlines one facet of that same oligopoly situation.Thus the above option is the correct one.