Question: Consider a model of Rice Production function: log(production) = 0 + 1fertilizer + 2irrigation + 3irrigation2 + 4log(labor) + (a) What does it mean when

Consider a model of Rice Production function:

log(production) = 0 + 1fertilizer + 2irrigation + 3irrigation2 + 4log(labor) +

(a) What does it mean when the variable fertilizer is said to be endogenous? How can such

endogeneity pose a problem in estimating the marginal effect of fertilizer?

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