bmme5103

What is the dependent variable in this production

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: udy? [2 marks] 2. What are the independent variables? [2 marks] 3. What does the R2 means? Use the result. [2 marks] 4. What does the F-statistics mean? Use the result. [2 marks] 5. What does the t-statistics mean? Use the results. [2 marks] 6. Using Model A, provide an economic interpretation for each of the coefficients. [2 marks] 7. Using Model A, calculate the relevant elasticities when capital = RM20,000 and labour = 800 man-days. [2 marks] 8. Which is the better model: Model A or Model B? Why? [2 marks] 5 BMME5103/SEPT 07-F/KN 9. Using Model B, determine the relevant elasticities. [2 marks] 10. Determine the return to scale. Is it decreasing, increasing or constant returning to scale? [2 marks] MODEL A Variables Entered/Removed (b) Variables Model 1 Variables Entered Removed Labour, Method . Enter Capital(a) a All requested variables entered. b Dependent Variable: Production Model Summary Std. Error of Adjusted Model 1 R .9...
View Full Document

Ask a homework question - tutors are online