Calculate (i) Laspeyres' index, (ii) Paasche's index, (iii) Fisher's Ideal index, (iv) Marshall. Edgeworth index, for the following dairy products Quantities Produced 2007 Prices Dairy Products 1998 (base) 1999 2007 1998 1999 Milk 3.95 3.89 4.13 9.675 9,717 10,436 Butter 61.50 62.20 59.70 118 116 116 Cheese 34.80 35.40 38.90 78 78 83

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Calculate (i) Laspeyres' index, (ii) Paasche's index, (iii) Fisher's Ideal index, (iv) Marshall-
Edgeworth index,
for the following dairy products
Quantities Produced
2007
Prices
Dairy Products
1998 (base)
1999
2007
1998
1999
Milk
3.95
3.89
4.13
9.675
9,717
10,436
Butter
61.50
62.20
59.70
118
116
116
Cheese
34.80
35.40
38.90
78
78
83
Transcribed Image Text:Calculate (i) Laspeyres' index, (ii) Paasche's index, (iii) Fisher's Ideal index, (iv) Marshall- Edgeworth index, for the following dairy products Quantities Produced 2007 Prices Dairy Products 1998 (base) 1999 2007 1998 1999 Milk 3.95 3.89 4.13 9.675 9,717 10,436 Butter 61.50 62.20 59.70 118 116 116 Cheese 34.80 35.40 38.90 78 78 83
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