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QUESTION

Use the regression results below to answer the following two questions: R Square:9994 Adjusted R Square:9991 BlankCoefficientsStandard Errort t StatP...

Use the regression results below to answer the following two questions:

R Square: 0.9994

Adjusted R Square: 0.9991

BlankCoefficientsStandard Errort

t StatP

P-valueIntercept0N/AN/AN/AL

L25.28215.2501.6580.141L

2

L260.0824.26014.1030.000L

3

L3-4.7490.278-17.0960.000Using these results, calculate the Q

Q, AP

AP, and MP

MP for L=8

L=8 workers.

a. Q=1,984

Q=1,984; AP=205.4

AP=205.4; MP=62.1

MP=62.1.

b. Q=1,557

Q=1,557; AP=213.9

AP=213.9; MP=80.8

MP=80.8.

c. Q=1783

Q=1783; AP=197.3

AP=197.3; MP=79.3

MP=79.3.

d. Q=1,616

Q=1,616; AP=202.0

AP=202.0; MP=74.7

MP=74.7.

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