How hard is it to quantify marginal product in real life? Do firms actually do this? Do you guys attempt to do it in your analysis?
its done by regression and the inputs are the factors.
Ah, regression…the answer to everything. It makes sense.
How hard is it to quantify marginal product in real life? Do firms actually do this? Do you guys attempt to do it in your analysis?
its done by regression and the inputs are the factors.
Ah, regression…the answer to everything. It makes sense.