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Business, 19.10.2021 04:00 tioneetionee2188

1. For the population of firms in the chemical industry, let denote annual expenditures on research and development, and let denote annual sales (both are in millions of dollars.) i. Write down a model (not an estimated equation) that implies a constant elasticity between and . Which parameter is the elasticity?

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1. For the population of firms in the chemical industry, let denote annual expenditures on research...
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