1. You collect the following production data for your firm:

Q
196	2
1,155	6
443	3
62	1
1,114	9
712	5
1,045	7
631	4
903	11
1,232	10

A. Which functional form (linear, quadratic, cubic) is most suitable to your data? Construct a scatter diagram but be sure to just do the dots; don't include the lines that connect them. Then, play around with the trendline feature and include what you consider to be the best trendline.

B. Using OLS, estimate the firm's short-run production function. Comment on the strength of the regression results.

C. Calculate the Q, AP, and MP for L = 8 workers.

D. At 8 workers, is MC rising or falling, and how do you know?