Consider the three articles on estimating production and cost functions for this LP. Now

Question description

Consider the three articles on estimating production and cost functions for this LP.  Now consider that you have been hired by a firm to estimate the production capabilities and the per unit costs of the firm’s competition.  How easy or difficult will it be for you to complete your task?  What tools, data, and techniques will you use to be able to estimate the output and costs of the competing firms?  Defend your answers and cite your sources. 

Consider the three articles on estimating production and cost functions for this LP. Now

Question description

Consider the three articles on estimating production and cost functions for this LP.  Now consider that you have been hired by a firm to estimate the production capabilities and the per unit costs of the firm’s competition.  How easy or difficult will it be for you to complete your task?  What tools, data, and techniques will you use to be able to estimate the output and costs of the competing firms?  Defend your answers and cite your sources. 

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