Estimate the output Elasticities of the Inputs

Reference no: EM132411864

Assignment - Use the attached data and the questions underneath to answer the questions:

1. Estimate the output Elasticities of the Inputs; Do you believe these estimates?

2. What is the returns-to-scale in this industry?

3. What might be the shape of the Long-Run Average cost curve? When output is expected to grow 10% per year for next three years?

You may want to use the average valules of the independent variables as a Starting point. Assuming one can buy as much skilled labor as possible at 40 dolars per hour and unskilled labor at 15 dollar per hour.

Also Prices of Raw material is 20 dollars per board feet of material, and 200 dollars per unit of Energy.

4. Suppose this industry (all the firms included) is being considered for a Take-over by a foreign company, what would the investors be likely doing in terms of better profitability and WHY?

Attachment:- Assignment Files.rar

Reference no: EM132411864

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