Exhibit 19-5.Firms A,B,and C operate in the market for computers.Each firm's product is popular in the market and distinct from what the other firms offer.The following table shows the prices of laptops from 2005 through 2007. Refer to Exhibit 19-5.Compute the unweighted price index for the three types of laptops in 2006,using 2005 as the base year.
A)96.63
B)103.48
C)91.83
D)100.96

Question

Exhibit 19-5.Firms A,B,and C operate in the market for computers.Each firm's product is popular in the market and distinct from what the other firms offer.The following table shows the prices of laptops from 2005 through 2007.  Refer to Exhibit 19-5.Compute the unweighted price index for the three types of laptops in 2006,using 2005 as the base year.
A)96.63 
B)103.48 
C)91.83 
D)100.96

Quizplus · Accepted Answer

The Answer of Exhibit 19-5.Firms A,B,and C operate in the market for computers.Each firm's product is popular in the market and distinct from what the other firms offer.The following table shows the prices of laptops from 2005 through 2007.  Refer to Exhibit 19-5.Compute the unweighted price index for the three types of laptops in 2006,using 2005 as the base year.
A)96.63 
B)103.48 
C)91.83 
D)100.96