Why does productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not?
8//23/2017 Chapter 1 ● Let's say we're all or Anheuser-Busch ● All the students on the left hand side of the room work on the “demand” side of the company ○ What do ou do ■ Marketing ■ You re iming to build your brand ■ Your commercials are targeting consumers ■ Targeting retailers (Walmart….ect.) ■ Busch has salesmen talking to category managers at walmart…. Want good displays ant o have good promotions ■ Research- Learning about what is important to your consumers and