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OK, Calculate (n) Laspeyre's Index (b) Paasche's Index (c) Fisher's ideal index, for the following dairy products. Dairy Prices Products Quantities Produced Milk 1.95 4

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OK, Calculate (n) Laspeyre's Index (b) Paasche's Index (c) Fisher's ideal index, for the following dairy products. Dairy Prices Products Quantities Produced Milk 1.95 4 13 9675 10435 Butter 61 50 62.20 19.70 116 Cheese 35,40 38.90 83 09. () The market demand function of a firm is ghen by 4P + 0-16-0 and the average cost function take the form AC - 10+2-030+0.0102 Find the level of output which Maximizes Total Revenue Minimizes Marginal Cost Maximizes Profit (b) Maximize the Utility function ( = xy - 2x Subject to budget constraint 4k + 2y =60 010. The Price and quantities of three commodities during 1990 and 1991 are given below. Commodity 1990 1991 A 400 480 194 C 55 30 56 Using 1990 as the base period and base period quantities as weights, compute the weight aggregate price index for 1991

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