subject
Mathematics, 24.05.2021 14:00 Sariyahhall1

A​ "Cobb-Douglas" production function relates production ​(Q​) to factors of​ production, capital ​(K​), labor ​(L​), raw materials ​(M​), and an error term u using the equation ​, Q= λK^β1L^β2M^βe^μ

where ​λ,β1,β2 ​and β2 and 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. Which of the following regression functions provides the most useful transformation to estimate the​ model?

a. A linear regression function.
b. A logarithmic regression function.
c. An exponential regression function.
d. A quadratic regression function.

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 18:30, juliaduenkelsbu
Anew shopping mall is gaining in popularity. every day since it opened, the number of shoppers is 5% more than the number of shoppers the day before. the total number of shoppers over the first 10 days is 1258 how many shoppers were on the first day?
Answers: 2
image
Mathematics, 21.06.2019 20:30, strawberrymochi390
What is the axis of symmetry of the function f(x)=-(x+ 9)(x-21)
Answers: 2
image
Mathematics, 22.06.2019 00:20, tiffany1711
Nthe opening scene of the movie raiders of the lost ark, indiana jones replaces a golden statue with a bag of sand. the platform on which the statue is placed is designed to detect the mass of the statue. if the bag of sand has a different mass than the statue, then a mechanism triggers and destruction ensues. the density of gold is about 20\text{ g/cm}^320 g/cm 3 20, space, g, slash, c, m, start superscript, 3, end superscript. the density of sand can be estimated at 2.5\text{ g/cm}^32.5 g/cm 3 2, point, 5, space, g, slash, c, m, start superscript, 3, end superscript. the gold statue can be modeled as a cylinder with height 25\text{ cm}25 cm25, space, c, m and radius 8\text{ cm}8 cm8, space, c, m. in terms of \piπpi, what is the mass of sand indiana jones needs to avoid triggering the mechanism?
Answers: 2
image
Mathematics, 22.06.2019 02:30, serenad2
Which net represents the pyramid below? meh
Answers: 1
You know the right answer?
A​ "Cobb-Douglas" production function relates production ​(Q​) to factors of​ production, capital ​(...

Questions in other subjects:

Konu
Mathematics, 03.09.2020 17:01