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(Requires Advanced Material)Only One of the Following Models Can Be Y=AKαLβ+uY = A K ^ { \alpha } L ^ { \beta } + u

Question 25

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(Requires advanced material)Only one of the following models can be estimated by OLS : a. Y=AKαLβ+uY = A K ^ { \alpha } L ^ { \beta } + u .
b. Pr(Y=1X)=Φ(β0+β1X)\operatorname { Pr } ( Y = 1 \mid X ) = \Phi \left( \beta _ { 0 } + \beta _ { 1 } X \right) .
c. Pr(Y=1X)=F(β0+β1X)=11+e(β0+β1X)\operatorname { Pr } ( Y = 1 \mid X ) = F \left( \beta _ { 0 } + \beta _ { 1 } X \right) = \frac { 1 } { 1 + e ^ { - \left( \beta _ { 0 } + \beta _ { 1 } X \right) } } .
d. Y=AKαLβuY = A K ^ { \alpha } L ^ { \beta } u .

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