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2. Interpret and report results in Microsoft Word a Copy the display below to Microsoft Word. DO NOT CREATE A TABLE. In(Qs) = bo + b, In(P_1) + b2 In(P) + bytime + b4In(Q=1) S.E.C ( ) R' = T = Complete the display with the values from the regression output in Excel. For example, replace b2 with the estimated coefficient for In( P, ) and below in parenthesis write its standard error (s.e.). Adjust the parentheses below each term as needed. Also, enter the R? and the number of observations (T). In all cases, use three decimal places. b. Notice the signs of the estimated coefficients b, and bz. i. Are the signs what you expected? Provide reasons for your expectations. ii. The coefficients are actually price elasticities of supply. Interpret each elasticity. c. The coefficient on time should be positive. Does it make sense that it is positive? Explain. d. Interpret the R? for the estimated regression. e. Using the estimated equation, predict the aggregate production of young chicken in 2001, if it is expected that the nominal price index for broiler feed is 102.9, and the overall consumer price index is 177.1 in 2001.a) the marginal product of the 6" unit of labor? b) at what level of labor AP,, and MP1. equal? c) the total cost of producing 455 units of output 3. Assume a firm with a production function p=1214