User Account

All Pages

Estimate the parameters of the cobb-douglas

Assignment Help Macroeconomics
Reference no: EM131284534

Assume that, for a country called Magnesia, you are trying to estimate the parameters of the Cobb-Douglas production function expressed as follows:

Y = α Kβ Lγ eε (1)

Where: Y is output; K is capital input; L is labour input; α, β, and γ are parameters to be estimated; e is the mathematical constant; and ε is the disturbance term.

Reference no: EM131284534

Questions Cloud

Describe advantage or disadvantage of business network : Describe one or two of the advantages and/or disadvantages associated with using each cable type for a business's network infrastructure.
Your investment and their competition : Write a 1250-1500 word paper. In your paper include the following: Choose a key competitor of Dominion Virginia Power. Highlight key differences in performance between Dominion and their key competitor in the following areas:
Write a letter to the hiring manager : Write a letter to the hiring manager (see below) explaining your acceptance of another offer, keeping in mind the five goals of delivering bad news.
Expansionary monetary policy : The direction of change in trade balance is uncertain because expansionary monetary policy may exert forces in the opposite direction. What are they?
Estimate the parameters of the cobb-douglas : Assume that, for a country called Magnesia, you are trying to estimate the parameters of the Cobb-Douglas production function expressed as follows:
Evaluate a telephone greeting : Do they sound professional? Is the message clear? How can it be improved? After you receive feedback, re-record your greeting and have your classmates call you again to check the revised version.
Provide an example of abc classification in a business : Provide an example of ABC classification in a business you are familiar with. What would be the A inventory items versus B and C? What ordering policies would you use for each of these?
Interest payments on the borrowed : In 2002 a company generated £1,500,000 of gross income and incurred operating expenses of £800,000. Interest payments on the borrowed capital amounted to £48,000. The total depreciation deductions in in 2002 equals to £114,000.
Generate a list of tips for people using voip : Discuss what you learned with the rest of the class, and then, as a group, generate a list of tips for people using VoIP.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describe what is live theaters total revenue function

Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional p..

  Reasons for depreciating chinese economy

1. Explain reasons for depreciating Chinese economy. (400-600 words) use APA style and plagiarism please. 2. Show me how to calculate multiplier in macro economics

  Explanation different from methodological individualism

How would a social scientist or a methodological individualist explain why so many young men from the Dominican Republic play Major League Baseball?

  Obtain the equilibrium budget balance

Solve the system of equations to obtain the equilibrium vales of Y, C and G

  In what sense does the fed create money

What is the difference between the Federal Reserve's "discount rate" and the "federal funds" rate? Why is the discount rate in the US not as important in financial markets as the federal funds rate?

  Problem regarding the effective price ceiling

How does an effective price ceiling affect buyers and sellers? Explain. What motivates government to entact a price ceilling? Explain using an example.

  Show the effect of a minimum wage

Show the effect of a minimum wage set above the equilibrium wage. What happens to employment and to wages? Is the higher minimum wage a good thing or bad for workers?

  Series of methodological improvements

A series of methodological improvements to the Consumer Price Index that will continue into 1999 is expected to add about half a percentage point to measured productivity growth, raising the economy's sustainable rate of GDP growth from between 2 ..

  What are the inputs of capital-labor and materials

Suppose you are running the food concession at the athletic events for your college. You sell hot dogs, colas, and potato chips. What are your inputs of capital, labor, and materials If the demand for hot dogs declines,

  Calculation of the components of gdp

In a closed economy without a government sector, consumption is determined as 80% of the income available to households.  Investment is autonomous at a level of £450.

  Equilibrium price and quantity with tax effect

Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.

  Balance between short range and long range goals

General Electric is a large, highly decentralized company. At present it developed these goals, GE had approximately 170 responsibility centers called "departments,"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd