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Bumbunchak Company produces and sells four different types of baby appliances. The prices and quantities in 2020 and 2021 are shown in table below. Price
Bumbunchak Company produces and sells four different types of baby appliances. The prices and quantities in 2020 and 2021 are shown in table below. Price index for the TYPES Price per ' year 2021 based on unit (RH) the year 2020 (%) Baby Bullet Steamer Baby Bottle Sterilize 8: Dryer Baby Formula Milk Maker Baby Food Maker a) Calculate the value of m and n. (4 marks) b) Calculate the simple average relative price index in 2021. (3 marks) 0) Calculate the Laspeyres price index in 2021. Explain the meaning of the value obtained. (4 marks) d) Calculate the Paasche Cluantity index in 2021. Explain the meaning of the value obtained. (4 marks)
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