Question: Use the data in Table and a multiple regression analysis program on your computer to estimate a Cobb-Douglas production function of the form shown in

Use the data in Table and a multiple regression analysis program on your computer to estimate a Cobb-Douglas production function of the form shown in Equation 8A.1. Do you observe increasing, decreasing, or constant returns toscale?

PRODUCTION FUNCTION-DEEP CREEK MINING COMPANY CAPITAL INPUT K (BRAKE HORSEPOWER) 250 500 750 1,000 1,250 1,500 1,750 2,000 10 16 16 13 16 16 LABOR INPUT L NUMBER OF WORKERS) 29 62 62 62 61 10 52 62

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