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Short analytical report on two topics: production function, cost function, and cost estimation and specifically address the following points: Design a study of a production

Short analytical report on two topics: production function, cost function, and cost estimation and specifically address the following points:

  1. Design a study of a production function for a steel mill and another one for a call center, which variables would you use, and what statistical method would you select for each function? In general, compare and contrast the production function for a product and one for a service center.
  2. Comment briefly on the following methods of cost estimation:
    1. Engineering cost
    2. Survivorship principle

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