A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2012 and 2014 are given here. Unit Price ($) Supplier Quantity (2012) 2012 2014 A 100 4.95 5.50 B 200 5.60 5.95 120 5.50 6.20 (a) Compute the price relatives for each of the component suppliers separately. Compare the price increases by the suppliers over the two-year period. (b) Compute an unweighted aggregate price index for the component part in 2014. (c) Compute a 2014 weighted aggregate price index for the component part. Wwhat is the interpretation of this index for the manufacturing firm?

A large manufacturer purchases an identical component from three independent suppliers that differ in unit price and quantity supplied. The relevant data for 2012 and 2014 are given here. Unit Price ($) Supplier Quantity (2012) 2012 2014 A 100 4.95 5.50 B 200 5.60 5.95 120 5.50 6.20 (a) Compute the price relatives for each of the component suppliers separately. Compare the price increases by the suppliers over the two-year period. (b) Compute an unweighted aggregate price index for the component part in 2014. (c) Compute a 2014 weighted aggregate price index for the component part. Wwhat is the interpretation of this index for the manufacturing firm?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A large manufacturer purchases an identical component from three independent suppliers that differ in unit
price and quantity supplied. The relevant data for 2012 and 2014 are given here.
Unit Price ($)
Supplier Quantity (2012)
2012
2014
A
100
4.95
5.50
B
200
5.60
5.95
120
5.50
6.20
(a) Compute the price relatives for each of the component suppliers separately. Compare the price increases
by the suppliers over the two-year period.
(b) Compute an unweighted aggregate price index for the component part in 2014.
(c) Compute a 2014 weighted aggregate price index for the component part. What is the interpretation of
this index for the manufacturing firm?

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