Mathematics, 19.12.2019 04:31 montgomerykarloxc24x
A"cobb–douglas" production function relates production (q) to factors of production, capital (k), labor (l), and raw materials (m), and an error term u using the equation q = lkb1 lb2 mb3 eu, where l, b1, b2, and b3 are production parameters. suppose that you have data on production and the factors of production from a random sample of firms with the same cobb– douglas production function. how would you use regression analysis to estimate the production parameters?
Answers: 1
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A"cobb–douglas" production function relates production (q) to factors of production, capital (k), la...
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