Question: a. Interpret the coefficient of the labor input X2. Is it statistically different from 1? b. Interpret the coefficient of the capital input X3. Is

a. Interpret the coefficient of the labor input X2. Is it statistically different from 1?
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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