a. Interpret the coefficient of the labor input X2. Is it statistically different from 1? b. Interpret
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b. Interpret the coefficient of the capital input X3. Is it statistically different from zero? And from 1?
c. What is the interpretation of the intercept value of - 1.6524?
d. Test the hypothesis that B2 = B3= 0.
For Information: Refer to the Cobb-Douglas production function given in regression (5.11).
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a Ceteris paribus if the labor input increases by 1 output on average increases by about 034 The com...View the full answer
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