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.
This is the end of the preview. Sign up
access the rest of the document.