Q

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?

Q L

301 2

1,436 6

632 3

69 1

1,813 9

1,078 5

1,961 7

797 4

1,869 11

2,353 10