AEB 6184 – Production Economics Final Examination December 6, 2005 Note:The spreadsheet “Final Data-2005.xls” contains pseudo (phony) data for 30 firms over 25 years. Most of your examination (questions 1 and 2) use the data for the first firm. Question 3 uses data for all firms, but only uses years 1, 12, and 25. I am using the complete dataset to examine the characteristics of the multiproduct differential supply formulation. 1.Using the data for firm 1 in the panel compute output and input quantity indices as well as the total factor product index using the Fisher index.
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