Question

The prices and the numbers of various items produced by a small machine and stamping plant are reported below. 2000 2009 Item Washer Cotter pin Stove bolt Hex nut Price $0.07 0.04 0.15 0.08 Quantity 17000 125000 40000 62000 Price $0.10 0.03 0.15 0.10 Quantity 20000 130000 42000 65000 Find all the price indexes and comment on the result. Use 2000 as the base.

Answer 1

Solution Calculation for price indices by different formula 2009 Price bu ouantity as Portoj popij Piss his 1190 [1400/1700/2000 010 20000 2000 Item price pop ouantity aci 0.07 17000 Washer cotterpin (0.04 (125000 stove bolt 10.15 146000 Her nut 10.og 62000 10.03 Bocoo (5000/5200/3750/3900 16000 16300 16000 16300 142000 6.15 10-10 520062006500 65000 {bj loi, 1700 +375046000 +62.00 Z Laskegree is price indexz 17650 1190175000 76000+ 4960 1750 [ Pojtoj 21.029 X 1002 102.9

I bisais { poj zij 2 6 Paasche's brice indera 2.000 + 3900763.00 +6569 14.64 +5209+6300+52.00 18700 18100 Z 1.033 X 1002 103.3 {bij (20; +hi)) x 100 Z 36350 2 35250 Marshall-Edgeworth price index s boi @j+23) 17 650+ 18700 17150+16199 z 1.031 7 100 10341 Paaschilex Las peynis & Irving Fisher is Index 102.9 x 113.3 z 103.1 Irving fisher's Index is ideal index numbes.