CDAE1610
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CDAE1610 2
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1. Primary Data - ANSWER data you collected yourself 
(never gathered before) 
2. Secondary Data - ANSWER data you got from someone 
else 
3. Economies of scale - ANSWER Average cost of production 
decreases as output increases. Spreads fixed costs across 
more units produced. Specialization leads to higher 
productivity, indivisible inputs are expensive. Cities allow 
firms to share indivisible inputs and allow workers to 
specialize in their area of labor increasing productivity. 
Ex...
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1. Primary Data - ANSWER data you collected yourself 
(never gathered before) 
2. Secondary Data - ANSWER data you got from someone 
else 
3. Economies of scale - ANSWER Average cost of production 
decreases as output increases. Spreads fixed costs across 
more units produced. Specialization leads to higher 
productivity, indivisible inputs are expensive. Cities allow 
firms to share indivisible inputs and allow workers to 
specialize in their area of labor increasing productivity. 
Ex...