1. You collect the following production data for your firm: Q L a. Which functional form (linear, quadratic, cubic) is most 177 2 suitable to your date? Construct a scatter diagram but be sure 1006 to just do the dots; don't include the lines that connect them. Then, play around with the trendline feature and include what 65 you consider to be the best trendline. 1 847 b. Using OLS, estimate the firm's short-run production function. 938 Comment on the strength of the regression results. 1 497 c. Calculate the Q, AP, and MP for L = 3 workers. 739 d At 8 workers, is MC rising or falling, and how do you know? 1 258 11 1 654 10