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1. The educational production function is, in principle, similar to any production function. The latter is a mathematical relation that describes how resources (inputs) can

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1. The educational production function is, in principle, similar to any production function. The latter is a mathematical relation that describes how resources (inputs) can be transformed into outputs' (Cohn and Geske, 2004). a. Explain the inputs and outputs which would be generally considered in the educational production function. [10 marks] b. Discuss the methodological problems with the estimation of educational production functions. [10 marks] c. Using the following cubic production function Q=ak3 13 + bK L? explain the three stages of the production function. [10 marks] d. Using the production function in part c, explain how worker productivity is determined and explain the role of education in determining worker productivity. [10 marks]

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