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Price index by Marshell Edgeworth's method takes which one of the following as weight ? |
$q_0$ $q_1$ $\frac{q_0+q_1}{2}$ $\sqrt{q_0\, q_1}$ |
$\frac{q_0+q_1}{2}$ |
Marshall–Edgeworth price index uses the average of base period and current period quantities as weights. final answer: $\frac{q_0 + q_1}{2}$ |
