Determine the specific form of the demand equation using the average in the attachment, to transform the general form of equations to a specific equation of the form Q = a -bP.Given An average cost function of AVC = 215 - .215Q + .00004Q2, calculate the optimum price and quantity from this information?

A B C D E F G SUMMARY OUTPUT 2 3 Regression Statistics 4 Multiple R 0.72916937 5 R Square 0.53168797 6 Adjusted R Squa 0.515539279 7 Standard Error 90.72551583 8 Observations 31 9 10 ANOVA 11 of SS MS F Significance F 12 Regression 1 271005.6902 271005.6902 32.92452494 3.27581E-06 13 Residual 29 238702.4575 8231.119223 14 Total 30 509708.1476 15 16 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 17 Intercept 2483.931066 150.3099744 16.52539078 2.69316E-16 2176.512651 2791.349481 18 X Variable 1 -5.870551631 1.023102518 -5.737989625 3.27581E-06 -7.963031227 -3.778072035 19