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During our article, we will use the Cobb-Douglas and CES as our fundamental function to do the analysis. At the beginning we use the Cobb-Douglas function to estimate the production function of the meat packing industry. We also use this function to test whether there exist constant return to scale or not in this industry...
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We also use this function to test whether there exist constant return to scale or not in this industry. For the CES function, we will use it to estimate the elasticity of the substitution between labor and capital; labor and material. The market of the meat packing industry is competitive market.
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