File: Theory Of Production Pdf 126798 | Iset Devecon Sample Exam
iset development economics sample exam questions 1 we discussed the banerjee and duo s economic lives of the poor in class what is the reason for poorest people taking up ...
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...Iset development economics sample exam questions we discussed the banerjee and duo s economic lives of poor in class what is reason for poorest people taking up multiple jobs why sub optimal long run it might be individual short elaborate briey think one a country with lower ratio capital to labor grow faster than higher slower refer models list all important assumptions harrod domar model has following simple production function y ak assumethatthere some level income let say poverty line which p need consume order survive dene discretionary as d if above equal zero below also assume that individuals save constant share their other words sy yd i e there no saving rate depreciation population growth functional relationship between physical this show graphically where on vertical axis k horizontal describe graph b how do call situation when yp c would happen technology improved increased draw another policy implication recall romer deliberate technological progress pro duction follows h ...