7. Calculate the weighted price index from the following data :QuantityrequiredPrice during1995Materia!Unit1994 irequired2$$8.0CementTimberSteel sheet:Bricks500 lb.2,000 c.ft.50 cwt.5.09.5100 lb.c.ft.14.234.012.0cwt.42.0per '00020,00024.0

The weighted price index is Laspeyre's Price Index.

Answered: 7. Calculate the weighted price index…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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2. Discuss the Price Index most commonly used in your country. How is it calculated?
Determine the following a) simple average of the price Indexes: b) simple aggregate Index: c) Lespeyres Price Index: d) Paasche Price Index:
Consider the table. Sales on Toaster Ovens 2004 2005 2006 2007 2008 Super Deluxe $86,100 $140,500 $65,800 $56,100 $59,000 Deluxe 103,200 136,100 129,900 133,800 75,400 Standard 147,300 123,600 125,500 132,600 58,000 What percent of the total sales in 2004 were the deluxe model? (Round to the nearest tenth percent.)
What are the relevant costs to be considered when deciding whether to take a quantity discount? On what basis should the decision be made?
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At the end of 2015, the US Bureau of Economics Analysis posted the following data on the U.S disposable personal income by month for the 11 months of the year as indicated in this table
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7. Calculate the weighted price index from the following data : Quantity required Price during 1995 Material Unit required 1994 i $ 8.0 14.2 42.0 24.0 100 lb. 500 lb. 5.0 Cement Timber c.ft. Steel sheet: Bricks 2,000 c.ft. 50 cwt. 20,000 9.5 34.0 12.0 cwt. per '000