With the help of a statistician, you are able to estimate a Cobb-Douglas production function. The statistician provides the following information:

Production (Prod) = quantity of output (tonnes)

Labour (Lab) = amount of labour used to produce the output (man-days)

Capital (Cap) = value of capital used to produce output ($)

lnProd = natural log of production

lnLab = natural log of labour lnCap = natural log of capital

Model Summary R Adjusted Std. Error of Model R Square R Square the Estimate 1 .974(a) 948 939 .08998 a Predictors: (Constant), LnLab, LnCap ANOVA(b) Sum of Mean Model Squares df Square F Sig. Regression 1.763 2 881 108.856 000(a) Residual .097 12 .008 Total 1.860 14 a Predictors: (Constant), LnLab, LnCap b Dependent Variable: LnProd Coefficients(a) Unstandardized Standardized Coefficients Coefficients Sig. Model B Std. Error Beta 1 (Constant) -4.749 809 -5.901 000 LnLab 1.078 .250 .586 4.303 .001 LnCap 415 .135 .418 3.070 .010 a Dependent Variable: LnProd