Assignment task: Suppose that the residents of Fashionista spend their income on dresses, hats and shoes. In 2021, they buy four dresses for $200 each, five hats for $100 each and two pairs of shoes for $200 each. In 2022 they buy five dresses for $180 each, five hats for $120 each and four pairs of shoes for $150 each.
What is the cost of a basket of good in 2021?
a. $1,500
b. $1,700
c. $1,600
d. $1,400