\f\f\f\f\f\f\f\f\fCase Study #3 - Production Functions Math 242, Spring '17 Instructions: Complete each portion of the case study as indicated on the next pages. Your submitted case study should be clean and legible. It will be graded for accuracy, readability, and work shown. You will complete this study outside of the discussion, just like a homework assignment. This case study is due in your discussion section on May 31st/June 1st. Your Name: Your Student Number: Discussion Leader's Name (check one): Frei Bellah Reid Takahashi Discussion Section Day/Time (check one): Wed 4pm Wed 5pm Thu 4pm Thu 5pm I understand that I may work with other classmates on this case study, but that the work submitted is entirely mine. (Sign here to say you agree): 1 Case Study #3 - Production Functions The \"constant elasticity of substitution\" (or \"CES\") production function is viewed as a kind of parent function for modeling production. It gives rise to one very common (Cobb-Douglas) production function, along with two other extreme cases: the perfect substitutes and the perfect complements production functions. We will explore two of these CES production function special cases and model them using a real country's labor, capital, and production data. The general form of a CES production function is h i Q = P (K, L) = c aL1/ + (1 a)K 1/ . Part 1: Gathering Data 1. Visit https://data.oecd.org/emp/employment-rate.htm#indicator-chart and find the country that is alphabetically closest to your first name (I recommend using the \"Table\" tab from this point forward). If there is a tie for closest country, just pick one. For example, if your first name is \"Eustice\