Three firms, X, Y, and Z, operate in the same industry, although their products have different features and are priced differently. The following table provides the prices and the quantities sold (in units) during the period 2000 to 2002. Which of the following is the Paasche price index for 2002 if the base period is 2000 and the current period is 2002?
A) 94.11
B) 106.26
C) 130
D) 106.07

Question

Three firms, X, Y, and Z, operate in the same industry, although their products have different features and are priced differently. The following table provides the prices and the quantities sold (in units) during the period 2000 to 2002.  Which of the following is the Paasche price index for 2002 if the base period is 2000 and the current period is 2002?
A) 94.11 
B) 106.26 
C) 130 
D) 106.07

Quizplus · Accepted Answer

The Answer of Three firms, X, Y, and Z, operate in the same industry, although their products have different features and are priced differently. The following table provides the prices and the quantities sold (in units) during the period 2000 to 2002.  Which of the following is the Paasche price index for 2002 if the base period is 2000 and the current period is 2002?
A) 94.11 
B) 106.26 
C) 130 
D) 106.07

Three Firms, X, Y, and Z, Operate in the Same