Betts Electronics purchases three replacement parts for robotic machines used in its manufacturing process. Information on the price of the replacement parts and the quantity purchased is given here. Part RC-33 SM-14 WC50 Price 2010 $0.50 1.20 0.85 2018 $0.60 0.90 1.00 Laspeyres' price index Quantity 2010 2018 320 340 110 130 230 250 Click here for the Excel Data File Compute Laspeyres' price index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)

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Betts Electronics purchases three replacement parts for robotic machines used in its manufacturing process. Information on the price of the replacement parts and the quantity purchased is given here.

Compute Laspeyres' price index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)

 

Betts Electronics purchases three replacement parts for robotic machines used in its manufacturing process. Information on the price
of the replacement parts and the quantity purchased is given here.
Part
RC-33
SM-14
WC50
Price
2010
$0.50
1.20
0.85
2018
$0.60
0.90
1.00
Quantity
Laspeyres' price index
2010 2018
320
340
110
130
230
250
Click here for the Excel Data File
Compute Laspeyres' price index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
Transcribed Image Text:Betts Electronics purchases three replacement parts for robotic machines used in its manufacturing process. Information on the price of the replacement parts and the quantity purchased is given here. Part RC-33 SM-14 WC50 Price 2010 $0.50 1.20 0.85 2018 $0.60 0.90 1.00 Quantity Laspeyres' price index 2010 2018 320 340 110 130 230 250 Click here for the Excel Data File Compute Laspeyres' price index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)
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