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You collect the following production data for your firm: a. We]: functional form (linear, quadratic, cubic} is most suitable to your data? Construct a scatter
You collect the following production data for your firm:
a. We]: functional form (linear, quadratic, cubic} is most suitable to your data? Construct a scatter diagram but he sure to just do the dots; don't include the lines that connect them. Then, playr around with the trendline feature and include what you consider to he the best trendline. . Using OLE, estimate the rm's short-run production function. Comment on the strength of the regression results. Calculate the Q, AP, and NIP for L = 3 workers. At 3 workers, is MC rising or falling, and hon.r do you knowStep by Step Solution
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