Question
Q a.Which functional form (linear, quadratic, cubic) is most suitable to your data? Construct a scatter diagram but be sure to just do the dots;
Q
a.Which functional form (linear, quadratic, cubic) is most suitable to your data? Construct a scatter diagram but be sure to just do the dots; don't include the lines that connect them. Then, play around with the trendline feature and include what you consider to be the best trendline.
b.Using OLS, estimate the firm's short-run production function. Comment on the strength of the regression results.
c.Calculate the Q, AP, and MP for L = 8 workers.
d.At 8 workers, is MC rising or falling, and how do you know?
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
