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A manufacturer at furniture is Inciting ta measure changes in the casts of their base mated als. Th ev compile a table uttheir main inputs

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A manufacturer at furniture is Inciting ta measure changes in the casts of their base mated als. Th ev compile a table uttheir main inputs in twu years [2010 and 202D} giving bath prices and quantities used. Each item is measured using their awn genen'c units. Calculate the m Em and Fisher price index numbers ta measure the price increases in Hill] [with 201i] = MD} and discuss the pres and cans cf these indexes in measuring the price increases since 201i)? "M Steel $9.35 $11.10 i. Magma Price index for 202i] with 2013 as the base vear: ii. Emile Pn'ce index for 21321] with 210 as the base veer: iii. Fisher Price index far 2021:} with 2'1i] as the base year. iv. Comment an the practical use of the above 3 price indexes

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