You observe the number of workers employed and output produced each week over time. Each workers cost $500 per week. Esch unit of output sells for $175 each. The company's fixed cost are $10,000 per week. Estimates the following relationship between labor and output : (OUTPUT=Bo+B1(labor)+B2(labor^2)+u.

Using the estimated relationship , find the number of workers the company should hire to minimize its cost per unit ( where cost per unit is labor cost and fixed cost divided by units of output) Answer here:____________

Using the estimated relationship ,find the number of workers the company should hire to maximize its weekly profit, Answer Here:______________

Using the estimated relationship , assuming the price fo the company's product rose to $250, find the number of workers the company should hire to maximize its weekly profit. Answer Here:____________

Output per week	Workers per week
251	60
183	79
246	49
102	12
209	25
57	10
275	72
95	14
258	63
200	74
184	66
192	69
177	18
168	73
265	46
242	34
254	45
243	37
198	75
285	55
143	17
178	77
112	85
233	36
235	30
169	89
182	15
259	43
223	68
230	52
145	78
192	24
249	38
237	32
193	21
250	64
97	11
278	67
73	13
198	31
187	87
164	81
220	33
208	22
171	28
309	57
101	88
259	42
151	76
165	71
163	39
209	47
244	54
240	50
225	62
85	90
201	40
235	58
186	70
200	27
128	35
154	20
221	29
114	86
127	19
179	26
133	82
250	56
170	41
244	65
238	59
254	48
137	16
219	51
248	53
254	44
261	61
120	80
173	23
201	84
172	83