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The model used in economics to describe production is Q

The model used in economics to describe production is

Q = β0Cβ1 K β2 L β3 ε

Where the dependent variable Q is the quantity produced, C is the capacity of a production unit, K is the capital invested in the project, and L is labor input, in days. Transform the model to linear regression form.

Q = β0Cβ1 K β2 L β3 ε

Where the dependent variable Q is the quantity produced, C is the capacity of a production unit, K is the capital invested in the project, and L is labor input, in days. Transform the model to linear regression form.

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