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.

Answers

Answer 1

Answer:

The correct option is b. A logarithmic regression function.

Step-by-step explanation:

Given:

Q= λK^β1L^β2M^β3e^μ ………………………. (1)

Equation (1) can be transformed into a logarithmic regression function by taking natural log of both sides as follows:

lnQi = lnλ + β1lnKi + β2lnLi + β3lnMi + μInei ……………….. (2)

Where i = 0, 1, 2….n observations.

Let lnλ = β0 and let μIne = εi and then substituting them into equation (2), we have:

lnQi = β0 + β1lnKi + β2lnLi + β3lnMi + εi ......................(3)

Equation (3) is the logarithmic regression function to estimate the model.

Therefore, the correct option is b. A logarithmic regression function.


Related Questions

What is the area of the sector for the following circle? Round your answer to 4 decimal places. *

Answers

Answer:

Area = 13.0900 ft²

Step-by-step explanation:

Area of sector = θ/360 × πr²

We are assuming it's the area of the minor sector that we are asked to find.

Therefore,

θ = 360 - 300 = 60°

r = 5 ft

Plug in the values

Area of minor sector = 60/360 × π × 5²

Area = 13.0899694

Area = 13.0900 ft² (to 4 decimal places)

Step-by-step explanation:

The angle of the minor sector will be ,

> 360 - 300 = 60° .

Area of sector :-

> Area = ∅ / 360 × πr²

> A = 60/360 × 3.14 × 5ft²

> A = 13.09 ft²

What is the diameter of a hemisphere with a volume of 5990in^3 to the nearest tenth of an inch?

Answers

Answer:28.4

Step-by-step explanation:

Delta Math

The diameter of the asked hemisphere is 28.38 in.

What is hemisphere?

The half of a sphere is called a hemisphere.

Given that, a hemisphere with a volume of 5990 in³

Volume of a hemisphere = 2/3πr³

2/3πr³ = 5990

r³ = 5990x7x3/22x2

r³ = 125790/44

r³ = 2858.8636

r = 28.38

Hence, The diameter of the asked hemisphere is 28.38 in.

For more references on hemisphere, click;

https://brainly.com/question/24402286

#SPJ2

x divided by 6 plus 11 = 14

show steps

what is x

Answers

Answer:

x=18

Step-by-step explanation:

[tex] \frac{x}{6} + 11 = 14[/tex]

[tex] \frac{x}{6} = 3[/tex]

x=6×3

x=18

plz mark as brainliest

what is the answer to 5(10.5 + s)?

Answers

Ok so when a parenthesee or this symbol ( is beside a letter/Number, in this case 5 you multiply it by whats inside, so 5x10.5, and 5x10.5=52.5. Now for S, it would be 52.5+S.

That is your answwer, and if you wouldn't mind, could I have brainliest?

Answer: 52.5+5s you just multiply the 5 with 10.5 and 5 with the s

Find the surface area of the square pyramid. Enter your answer in the box.
A square pyramid. The side length of the base is 11 centimeters. The height of each of the 4 triangular faces is 10 centimeters.

Answers

8560.75

Answer:

apply heros formula √15.5(15.5-10)(15.5-10)(15.5-11

Find the area of this parallelogram. Be sure to include the correct unit in your answer.
13 ft
14 ft
15 ft

Answers

182 ft squared is the answer

Javier is buying oak flooring for the living room. How many square feet of flooring does he need to buy?
18 ft
9 ft
BRO
A 162 ft2
B 54 ft2
C 27 ft2
O D. 1812
PLEASE HELP ILL MARK YOU AS BRAINLESS

Answers

54 ft.

Step-by-step explanation:

add 18 on both sides which is 36. then do that with 9 9+9=18 and 18+18=36 36+18=54.

A firefighter is on the fifth floor of an office building. She needs to throw a rope into the window on the seventh floor, 40 feet above her. If she throws the rope upward with an initial velocity of 36 ft/s, will the rope get to the window.

Answers

Answer:

no, it wont

Step-by-step explanation:

2g.h = v²

2(33)(40) = v²

2640=v²

v=√2640 = 51.38 ft/s

36 < 51.38

so, the rope will not get to the window

When oil is spilled in water, it creates a thin film of water approximately 1 micron thick. A barrel of oil is approximately 42 gallons of oil. If we spill a barrel of oil on the water, what is the area covered by the oil slick

Draw a sketch showing the relevant dimensions.
State your answer in square meters.
State your answer in square kilometers.

Answers

9514 1404 393

Answer:

158,987 m²0.158986 km²

Step-by-step explanation:

42 gallons is about 0.158987 cubic meters. 1 micron is 1 micro-meter, or 10^-6 meters. The volume is the product of the area and thickness. For some area A, we have ...

  0.158987 m³ = (10^-6 m)A

  A = (10^6)(0.158987 m² = 158,987 m²

The area in square meters is 158,987.

__

A square km is (1000 m)² = 10^6 m². So, the area in square kilometers is about ...

  (158,987 m²)/(10^6 m²/km²) = 0.158987 km²

The area in square km is about 0.1590.

The Coopers own two vehicles, a mini-van and sedan. The following functions represent the resale value of both cars, in thousands of dollars,
after x years.
Mini-Van: f(1) = 32(0.8)*
Sedan: g(t) = 25(0.8)
Write function t that represents the total resale value, in thousands of dollars, of the two vehicles.

Answers

Answer:

[tex]h(x) = 57(0.8)^x[/tex]

Step-by-step explanation:

Given

[tex]f(x) = 32(0.8)^x[/tex]

[tex]g(x) = 25(0.8)^x[/tex]

Required

A function that represents the total resale value of the two vehicles

To do this, we simply add up the functions

[tex]h(x) = f(x) + g(x)[/tex]

[tex]h(x) = 32(0.8)^x + 25(0.8)^x[/tex]

Factorize

[tex]h(x) = (32 + 25)(0.8)^x[/tex]

[tex]h(x) = 57(0.8)^x[/tex]

which expression has a value equal to 28 divided by 4

Answers

Answer:

28/4

7

56/8

14/2

63/9

70/7

√49

∛343

A sandwich shop prices its party subs at $17.50 per foot, with a $23 flat fee for assembly. Write a function rule describing how the price of a party sub (p) depends on the sub's length in feet.

What is the price of a party sub that is 8 feet long?​

Answers

Answer:

Step-by-step explanation:

sheesh

Answer:

f(x)=17.50p+25 The price for and 8 ft sub is $165

Step-by-step explanation

Can you please help me

Answers

Answer:

is there amultipe choice answer if so list them down

Step-by-step explanation:

to 43. The height of a television varies directly with its
8 width. If a television has a height of 27 inches
and a width of 48 inches, identify the constant of
ne variation and write an equation to represent the
relationship
cof

Answers

Answer:

The answer is 29.

Step-by-step explanation:

Mathematics question

Answers

Step-by-step explanation:

area of rectangle (a1)=b×h

20×30600in²

area of triangle=1/2 ×b×h

1/2×40×30600in²

total area of arrow=a1+a2

600+6001200in²

stay safe healthy and happy.

Answer:

Step-by-step explanation:

You will find authentic some of the areas of 3 shapes, two of them are triangles, and one is rectangle.

The formula for calculating the area of right angle triangle is A= 1/2bh

The formula used to find the area of rectangle is A= W×L

A1+A2+A3

= 1/2b1h1+ 1/2b2h2+ W×L

1/2(10inches)(30inches)+ 1/2 (10 inches)(30 inches)+ (30 inches)(20 inches)

=150 inches²+ 150 inches²+ 600inches²

=900 inch²

arrange the following decimal fractions from smallest to biggest
7,01
0,701
0,71
7,34
7,0101
71,01
7,034​

Answers

Answer:

0.701, 0.71, 7.01, 7.0101, 7.034​, 7.34, 71.01

Step-by-step explanation:

 

Identify the hypothesis of the statement.



If a and b are positive, then a−b is positive.


If a−b is positive, then a and b are positive.


a−b is positive.


a and b are positive.


If a and b are positive, then a−b is positive.

Answers

9514 1404 393

Answer:

  a and b are positive.

Step-by-step explanation:

The form is ...

  IF <hypothesis>, THEN <conclusion>

The hypothesis is the wording between IF and THEN. In your given statement it is ...

  a and b are positive

Solve this equation by Euclid's application of areas: x^2 + 12x = 64.

Answers

Answer:

4

Step-by-step explanation:

Simplify the expression.
4y-y(3 - 7y) + 5+ 2(8- y)
A.)7y2-y +21
B.)-7y2 - y + 21
C.)-8y + 21
D.)-7y+21

Answers

Answer:

The answer is B

Step-by-step explanation:

4y-3y+7y²+5+16-2y

7y²+4y-3y-2y+5+16

7y²-y+21

What expreassion is equivalent to 5(d+1)

Answers

Answer:

2(5)

Step-by-step explanation:

Answer:

I think it’s 5b+5

Step-by-step explanation:

All ways multiple the outside number with whatever is in the parentheses.

In problem formulation, the a. constraints are expressed in terms of the obtained objective function coefficients. b. objective is expressed in terms of the decision variables. c. nonnegativity constraints are always ignored. d. optimal solution is decided upon.

Answers

Answer: B. objective is expressed in terms of the decision variables

Step-by-step explanation:

Linear programming refers to an optimization technique that is used for a linear constraints system and the objective function.

The objective function simply means the quantity that an individual wants to optimize. It should be noted that the aim of linear programming is to get the values of the variables which will minimize or maximize the objective function. In problem formulation, objective is expressed in terms of the decision variables.

Therefore, the correct option is B

Classify the polynomial by the number of terms.
mx+b
•Trinomial
•Monomial
•Polynomial
•Binomial

Answers

Classification:

Monomial: One term

Mono = One

Polynomial: Multiple terms e.g. (2,3,4 and so on)

Poly: Many

Binomial: Two terms

Bi = Two

Trinomial: Three terms

Tri = Three  

The expression of "mx + b" would be classified as a monomial due to it having only one exponent.

You call an expression with a single term a monomial, an expression with two terms is a binomial, and an expression with three terms is a trinomial. An expression with more than three terms is named simply by its number of terms. For example a polynomial with five terms is called a five-term polynomial.

99 is decreased to 44

Answers

Answer:

99 -? = 44.

99 -a = 44.

99 -44 -a = 44-44.

55 = a.

Eugene has three six‐sided dice that he rolls simultaneously. The faces of the dice

contain these letters:

Die #1: A B C D E F

Die #2: G H I J K L

Die #3: M N O P Q R

a. What is the probability that he will roll three vowels? (3 points)

b. What is the probability that he will roll the word DIP?

Answers

Answer:

a. The probability is 1 of 108 that he will roll 3 vowels

b. the probability is 1 of 216 that he will roll the word DIP.

Step-by-step explanation:

a. find the 3 chances and multiply

2/6 x 1/6 x 1/6 = 1/108

b. Find the 3 chances of each letter of DIP and multiply

1/6 x 1/6 x 1/6 = 1/216

Hope this helps! (PLS GIVE BRAINLIEST)

4 (x + 2.5) = 48
Explain your reasoning as well.

Answers

Answer:  9.5 is the answer. You have to distribute through.

Explain: 4x+10=48

Subtract 10 from both sides you get 4x=38. Then divide both sides by 4 you get 9.5.

Raj builds a side table in the shape of a cube. Each edge of the cube measures 21 inches. Raj wants to cover the top and four sides of the table with ceramic tiles. Each tile has an edge length of 3 inches. How many tiles will he need?

Pls answer fast​

Answers

Answer: 2000/25 = 80 tiles

Step-by-step explanation:

Date: s=20

equation of surface area of a cube prism: surface area = 6s*2

the surface area to be covered with tiles is requires, the base is not included, so the equation reduces: surface area = 5s*2

subtitute values: surface area = 5(20)*2

= 5(400)

surface area = 2000

area of 2 tile is 5*2 = 25 square inches

2000/25 = 80 tiles

Solve the equation of 4y=20 then find the value of y?

Answers

Answer:

y=5

Step-by-step explanation:

Answer:

4y=20

y=20/4

y=5

Step-by-step explanation:

Hope this helps u!!

What is the slope of the line through the points (-8, 4) and (4, 4)?

Answers

Answer:

slope=0

hope this helps

have a good day :)

Step-by-step explanation:

One out of every five students in this class has an A. What percent of the students have an A?​

Answers

20% have an A because 1/5 of 100 is 20

An article reports the following data on yield (y), mean temperature over the period between date of coming into hops and date of picking (x1), and mean percentage of sunshine during the same period (x2) for the Fuggle variety of hop:

x1: 16.7 17.4 18.4 16.8 18.9 17.1 17.3 18.2 21.3 21.2 20.7 18.5
x2: 30 42 47 47 43 41 48 44 43 50 56 60
y: 210 110 103 103 91 76 73 70 68 53 45 31

Use the following R Code to complete the regression analysis:
x1 = c(16.7, 17.4, 18.4, 16.8, 18.9, 17.1, 17.3, 18.2, 21.3, 21.2, 20 7, 18.5)
x2 = c(30, 42, 47, 47, 43, 41, 48, 44, 43, 50, 56, 60)
y = c(210, 110, 103, 103, 91, 76, 73, 70, 68, 53, 45, 31)

Required:
According to the output, what is the least squares regression equation ŷ = bo + b1x1 + b2x2:

Answers

Answer:

[tex]y = 415.113 -6.593 x_1 -4.504 x_2[/tex]

Step-by-step explanation:

Given

[tex]x_1: 16.7\ 17.4\ 18.4\ 16.8\ 18.9\ 17.1\ 17.3\ 18.2\ 21.3\ 21.2\ 20.7\ 18.5[/tex]

[tex]x_2: 30\ 42\ 47\ 47\ 43\ 41\ 48\ 44\ 43\ 50\ 56\ 60[/tex]

[tex]y: 210\ 110\ 103\ 103\ 91\ 76\ 73\ 70\ 68\ 53\ 45\ 31[/tex]

Required

Use R code to determine the regression equation

[tex]y = b_o + b_1x_1 + b_2x_2[/tex]

First, write the following code in a R program

[tex]x1 <- c(16.7,17.4,18.4,16.8,18.9,17.1,17.3,18.2,21.3,21.2,20.7,18.5)[/tex]

[tex]x2 <- c(30,42,47,47,43,41,48,44,43,50,56,60)[/tex]

[tex]y <- c(210,110,103,103,91,76,73,70,68,53,45,31)[/tex]

[tex]mod <- lm(y[/tex]~[tex]x1+x2)\\[/tex]

[tex]summary(mod)[/tex]

Next, run the program

See attachment for program and output

From the output, go to coefficients:

Check Estimate Std. column, you have the following:

[tex](Intercept) = 415.113[/tex]

[tex]x_1 = -6.593[/tex]

[tex]x_2 = -4.504[/tex]

[tex]y = b_o + b_1x_1 + b_2x_2[/tex] implies that:

[tex]b_o \to[/tex] Intercept

[tex]b_1 \to x_1[/tex]

[tex]b_2 \to x_2[/tex]

Hence, the least square regression equation is:

[tex]y = 415.113 -6.593 x_1 -4.504 x_2[/tex]

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