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Question: question 1 1 pts use table1 from the excel sheet...

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Question 1 1 pts Use Table1 from the Excel sheet labeled Exercise2Table.xlsx to answer the following questions: 1. Does the data suggest that the two inputs are Perfect Complements? Explain. 2. Does the data suggest that the two inputs are Perfect Substitutes? Explain. 3. Does the data suggest that the production function is Cobb-Douglas? Explain. 4. What type of returns to scale do you observe? Explain. 5. Complete Table 2

TABLE 1: Data 1.00 4.00 2.00 1.00 1.56 1.83 2.05 2.25 2.43 2.60 2.76 4.00 2.00 8.00 9.00 16.00 8.00 9.00 16.00 9.00 16.00 8.00 16.00 16.00 36 16 0 32 36 100 18 16 64 12.5 16 16 25 25 32 49 64 36 0

06355306 Q|0 5 8 0 2 4 6 7 11122222 ELO 1 2 3 4 5 6 7 K-4 4 4 4 4 4 4 4

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