CAS EC 202 Lecture Notes - Lecture 1: Real Wages, Ator, Income Approach
3 Dec 2018
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This problem set (ps) is due on friday, september 21 at the beginning of class. Be sure to review the syllabus for details about homework assignments and their grading! Feel free to contact me via e-mail if you have speci c questions about the hw assignment. Note that some exercises have several parts, and each part may conceal more than one task for you. Be sure to answer every question thoroughly for full credit! Assume an economy with two manufacturers: a parts and components manufacturer and a tablet man- ufacturer. Suppose that parts and components manufacturing does not require any intermediate inputs. In a given year, the parts and components manufacturer produces 50,000 units of parts and components, of which 45,000 units were sold to the tablet manufacturer at per unit and the remaining units were stored as inventory.
