4:62. The following table gives the data of production in million tons and price per ton of four principal crops in India during the years 1956 and 1962. Construct Fisher's ideal index number of prices for the year 1962. Production in million tons Price (Rupees per ton) Commodity 1956 1962 1956 1962 A 25 150 300 B 10 120 200 2 600 1,000 D 1 200 300 2232 30 12 C

4:62. The following table gives the data of production in million tons and price per ton of four principal crops in India during the years 1956 and 1962. Construct Fisher's ideal index number of prices for the year 1962. Production in million tons Price (Rupees per ton) Commodity 1956 1962 1956 1962 A 25 150 300 B 10 120 200 2 600 1,000 D 1 200 300 2232 30 12 C

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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