Question: f12. The production function for a commodity can be approximated over a restricted range of relevant input levels by a linear relationship of the form

f12. The production function for a commodity can be approximated over a restricted range of relevant input levels by a linear relationship of the form Y = x{3 + €.

The columns of x include, in order, a column of l's and three column vectors representing observations on labor, energy, and capital input levels. Thirty observations on weekly production levels yielded the following sum

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