Assume That, For A Country Called Magnesia

Assume that, for a country called Magnesia, you are trying to estimate theparameters of the Cobb-Douglas production function expressed as follows: Y = ? K? L? e? (1)Where: Y is output, K is capital input, L is labour input, ?, ?, and ? are parameters to beestimated, e is the mathematical constant, and ? is the disturbance term.

Originally posted 2018-07-08 19:55:17. Republished by Blog Post Promoter

Assume that, for a country called Magnesia

Assume that, for a country called Magnesia, you are trying to estimate the

parameters of the Cobb-Douglas production function expressed as follows:

Y = ? K? L? e? (1)

Where: Y is output; K is capital input; L is labour input; ?, ?, and ? are parameters to be

estimated; e is the mathematical constant; and ? is the disturbance term.