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What are the effects of a permanent increase in technology in the open market clearing model?
Tuition
The fee charged for instruction or teaching, typically by a school, college, or university.
Certain Income
A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.
Uncertain Income
Income that is not guaranteed or fixed, often subject to fluctuations due to various factors such as employment status, market conditions, or performance.
Marginal Utility
The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.
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