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On page 46 in the notes, with respect to the aggregation of the netputs of firms, I claim that 'since there are no income effects' aggregation is not a problem. It is not wrong, but on reading this again I think I could have phrased that one better. So let's ignore welfare questions. Outline two key 'problems' encountered in aggregating on the consumer side, and why neither occurs on the producer side. (short argument)
Knowledge questions were coded as answered correctly or incorrectly. This is what level of measurement?
How much total utility does the consumer receive?
Search Engines today use Search Engine Optimization and Pay per click advertising. Explain the positives and the negatives for using each Search engine optimization or pay per clicking? Explain which one that you would choose or would you use both in..
Consider the following statistics for some economies. Assume the exponent on capital 1/3 and that labor composition is unchanged. For each economy compute the growth rate of TFP
How do the federal, state, and local budgeting processes differ from the process used by a typical non-profit agency?
Use graphs, formulae and diagrams where they help your explanations (more rigorous and succinct) compared to words alone.
Briefly discuss Marx's concept of fictitious capital. Give an example and explain in what way it can be considered to be fictitious
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
From 2006 to 2010, per capita real gross domestic product (GDP) in Poland grew an average of 4.71% per year. At that rate, according to the Rule of 70, in roughly how many years will the Polish economy double in size?
What is money supply? Explain the tools Bank of Canada can use to alter the amount of money in circulation. Why is the money demand curve downward sloping? Explain the relationship between savings and investment.
What are the goals typically when commercial fisheries are regulated? What are the typical ways in which those fisheries are regulated?
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
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