It has to do with the short-run production function for a firm. Here is the data information that they want us to refer to when doing this problem. Labor usage numbers are 3,7,9,11,17,16,20,24,26,28,30 and Output numbers is 1, 2, 3, 5, 8,10,15,18,22,21,23. Now it is asking for me to use my computer to compute a regression analysis for the firms short-run production using the above data. Do the parameter estimate have the appropriate algebraic signs? Are they statistically significant a the 5% level? What do I do please?
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