Consider a simple economy that produces only three products: hot dogs, torches and golf balls. Use the information in th

[answerhappygod]

Consider a simple economy that produces only three products: hot
dogs, torches and golf balls. Use the information in the following
table and assume an investor is negotiating with the bank to
pay either a 1.5% interest rate or a 2.0% interest rate on loans
advanced. Will she/he be better off with the first or second
option? Explain carefully.
Product
Quantity
Base Year
Price (2009)
Price (2017)
Price (2018)
Hot dogs
10
$1.00
$1.50
$1.75
Torches
15
$5.00
$7.00
$6.75
Golf balls
8
$2.00
$3.00
$3.50