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Q L 218 2 1361 6 419 3 58 1 1574 9 906 5 1505 7 796 4 1500 11 1820 10 A.Using OLS, estimate

Q L

218 2

1361 6

419 3

58 1

1574 9

906 5

1505 7

796 4

1500 11

1820 10

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

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

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

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