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Compute the Paasche index for the following table of prices and quantities: Price, p0 Quantity, qt Cost,p0qt Price, pt Quantity, qt Cost, ptqt Item 1
Compute the Paasche index for the following table of prices and quantities: Price, p0 Quantity, qt Cost,p0qt Price, pt Quantity, qt Cost, ptqt Item 1 $ 5.00 12 $60 $10.00 12 $120 Item 2 $ 3.50 20 $70 $ 2.00 20 $ 40 Item 3 $12.00 4 $48 $18.50 4 $ 74 Total $20.50 $178 $30.50 $234 Multiple choice question. 148.78 62.40 131.46
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