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What is the estimate of a for given question

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Reference no: EM13876977

An analyst for Davidson Steel Company uses a Cobb-Douglas production function

Q = A Kα Lβ

for forecasting the company's output. By using quarterly data from 1996 to 2012, she estimates the model as
ln Qˆ t = 0.223 + 0.482 ln Kt + 0.518 ln Lt

(a) What is the estimate of A?

(b) Is this a constant return to scale production function?

(c) What would be the steel company's output if it employs 150 units of capital and 200 units of labor?

Reference no: EM13876977

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