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Smelling of Tulips, Inc., a perfime company, its shon-mn costs using a U-shaped average variable cost fimction of the form -4 VC = a

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Smelling of Tulips, Inc., a perfime company, its shon-mn costs using a U-shaped average variable cost fimction of the form -4 VC = a + bQ + cQ2 and obtained the following results. Total fixed cost (IFO at S.T. Inc. is S950_ Adjusted R Square Intercept 0.869 Coefficients 3297 -2.21 0.16 Standard Error 243 0.53 0.02 t Stat 13.59 _4_15 P-value 0.0009 0.0007 o_oooo

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