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Unformatted text preview: for whom- distribution of benefits # 28 o What and how deals with production and whom deals with distribution Micro – individual decision making Macro- GDP Normative- too, should/ should not, ought, desirable Positive- how things are, how we think are Costs • Implicit and explicit • Sunk and fixed cost...
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This note was uploaded on 04/09/2011 for the course ECN 1A taught by Professor Hoynes during the Fall '10 term at UC Davis.
- Fall '10