ECON 404 Lecture : OSL Esimator, simple regression
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Related Questions
Labor, L, and capital, K, are the only inputs in each of the following production functions:
(a) q1 =(L+K)^2.
(b) q2 = ( + )^2.
(c) q3 = (20 + + )^2.
For each production function, use a spreadsheet to find the output associated with the following output combinations.
Table 1: Problem 8 data
Q | p | Po |
84 | 8.5 | 5.25 |
82 | 9 | 6 |
85 | 8.75 | 6 |
83 | 9.25 | 6.5 |
82 | 9.5 | 6.25 |
84 | 9.25 | 6.25 |
87 | 8.25 | 5.25 |
81 | 10 | 7 |
82 | 10 | 7.25 |
79 | 10.5 | 7.25 |
82 | 9.5 | 6.75 |
78 | 10.25 | 7.25 |
Table 2: Labor and capital combinations
L | ||||
2 | 4 | 8 | ||
2 | ||||
K | 4 | |||
8 |