Short Answer
TABLE 16-16
Given below are the prices of a basket of four food items from 2008 to 2012. 
-Referring to Table 16-16,what are the simple price indices for wheat,corn,soybeans and milk,respectively,in 2010 using 2008 as the base year?
Understand the optimum resource mix for a firm and how it is determined.
Examine the influence of productivity and the price of final products on resource demand.
Discuss the concepts of substitution and output effects in resource employment.
Evaluate the impact of market and economic changes on the demand for labor and resources.
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