1. You collect the following production data for your firm: Q L a. Which functional form (linear, quadratic, cubic) is most 182 2 suitable to your data? Construct a scatter diagram but be sure 961 6 to just do the dots; don't include the lines that connect them. Then, play around with the trendline feature and include what 433 3 you consider to be the best trendline. 66 1 b. Using OLS, estimate the firm's short-run production function. 1,358 9 Comment on the strength of the regression results. 969 5 c. Calculate the Q, AP, and MP for L = 8 workers. 1,321 7 d. At 8 workers, is MC rising or falling, and how do you know? 678 4 1,024 11 1,170 10