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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.