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Consider the Following Cobb-Douglas Production Function Yi = AK

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Consider the following Cobb-Douglas production function Yi = AK Consider the following Cobb-Douglas production function Yi = AK   L     (where Y is output,A is the level of technology,K is the capital stock,and L is the labor force),which has been linearized here (by using logarithms)to look as follows: yi =   + β1ki + β2li + ui Assuming that the errors are heteroskedastic,you want to test for constant returns to scale.Using a t-statistic and  Approach #2,  how would you proceed. L Consider the following Cobb-Douglas production function Yi = AK   L     (where Y is output,A is the level of technology,K is the capital stock,and L is the labor force),which has been linearized here (by using logarithms)to look as follows: yi =   + β1ki + β2li + ui Assuming that the errors are heteroskedastic,you want to test for constant returns to scale.Using a t-statistic and  Approach #2,  how would you proceed. Consider the following Cobb-Douglas production function Yi = AK   L     (where Y is output,A is the level of technology,K is the capital stock,and L is the labor force),which has been linearized here (by using logarithms)to look as follows: yi =   + β1ki + β2li + ui Assuming that the errors are heteroskedastic,you want to test for constant returns to scale.Using a t-statistic and  Approach #2,  how would you proceed. (where Y is output,A is the level of technology,K is the capital stock,and L is the labor force),which has been linearized here (by using logarithms)to look as follows:
yi = Consider the following Cobb-Douglas production function Yi = AK   L     (where Y is output,A is the level of technology,K is the capital stock,and L is the labor force),which has been linearized here (by using logarithms)to look as follows: yi =   + β1ki + β2li + ui Assuming that the errors are heteroskedastic,you want to test for constant returns to scale.Using a t-statistic and  Approach #2,  how would you proceed. + β1ki + β2li + ui
Assuming that the errors are heteroskedastic,you want to test for constant returns to scale.Using a t-statistic and "Approach #2," how would you proceed.


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