(a) Show that, by taking logarithms, the general Cobb- Douglas function can be expressed
Chapter 14, Problem 79(choose chapter or problem)
(a) Show that, by taking logarithms, the general Cobb- Douglas function can be expressed as (b) If we let and , the equation in part (a) becomes the linear equation . Use Table 2 (in Example 3) to make a table of values of and for the years 18991922. Then use a graphing calculator or computer to find the least squares regression line through the points . (c) Deduce that the Cobb-Douglas production function is .
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