9 An econenest stimates a simple production function model in which firm output in a particular industry depends on the amount of labor used by afirm. Based on her states, employing another worker is predicted to lead to a 32 percent increase in output. It Q and t, denote the amount ofoutput produced and the number of workers employed by the ith firm, then which of the following regressions is the economet's estimated tegnesO a Cart say: it could be any of the regressions.Ob. Q-10.74 +3.24Oclogtop-10.74 +0.0324O d. logtQ)-10.74 +0.32 log(t)

Linear Regression refers to the statistical analysis that statisticians use to predict the value of…

production function model in which firm output in a particular industry depends on the amount of labor used by a ploying another worker is predicted to lead to a 32 percent increase output produced and the number of workers employed by the ith firm, then which of the following m output it Q and t, deriate the mount the O a Cart say: it could be any of the regressions O b. 0-10.74 3.24 Oclogtop-10.74 +0.0324 O d.log(0)-10.74 +0.32 logit)

production function model in which firm output in a particular industry depends on the amount of labor used by a ploying another worker is predicted to lead to a 32 percent increase output produced and the number of workers employed by the ith firm, then which of the following m output it Q and t, deriate the mount the O a Cart say: it could be any of the regressions O b. 0-10.74 3.24 Oclogtop-10.74 +0.0324 O d.log(0)-10.74 +0.32 logit)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.6P

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