We are given the following information about prices and, Microeconomics

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We are given the following information about prices and

We are given the following information about prices and quantities consumed for four commodities over the last three years\: Commodity Price (c/kg) Quantity (kg) 1992 1993 1992 1993

A 72 81 720 960

B 96 132 120 240

C 48 63 720 600

D 48 28 3600 2400

Compute the value of the Paasche price index for 1993, using 1992 as the base year.

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Microeconomics: We are given the following information about prices and

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Microeconomics: We are given the following information about prices and

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