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Topic tags: PBE & PBG units

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What is it? A rookie entrepreneur asks his daughter and her friends (graduate students in economics) to advise him on his venture. He asks them to explain the factors of production and the relationship between consumers and producers, and then to outline his options for deciding how to set up production and for whom to produce. Topics include factor and product markets, factors of production, scarcity, tradeoffs, and opportunity cost.