The price of a dozen eggs was $1.50 in 2012.
a. In 2013, the price decreases to $1.47. What is the percentage change from 2012 to 2013?
b. Egg economists forecast that egg prices will rise 20% from 2012 to 2014. What is the anticipated price of eggs in 2014?
c. The price of an 18-pack of eggs is projected to be $2.40 in 2014. Suppose you’re writing some long-term egg contracts subject to the eventual 2014 market prices and you want to get the most eggs per dollar. Find and compare the eggs per dollar price for the dozen and 18-packs in 2014 given the projected prices.