Exam 2-2005 - c. Derive the Allen and Morishima...

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AEB 6184 – Production Economics Second Midterm November 9, 2005 1. Using the data found in “Exam2Data 2005.xls” a. Estimate a cost function using your choice of flexible function form. (30 points) b. Do the estimates obey the characteristics of the cost function? (15 points)
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Unformatted text preview: c. Derive the Allen and Morishima elasticities. (15 points) 2. Using the same dataset estimate a profit function using your choice of flexible functional forms. (20 points) 3. Is your cost function subadditive? (20 points)...
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This note was uploaded on 07/15/2011 for the course AEB 6184 taught by Professor Staff during the Fall '09 term at University of Florida.

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