A manager wishes to estimate an average cost equation of the following form: $C = a + b Q + c Q ^ { 2 }$ where Q is the level of output.Letting Z = Q² and using least-squares estimation,the manager obtains the following computer output: Given the above information,when output is 40 units,what is average cost? A)$200 B)$280 C)$360 D)$480 E)$520

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The Answer of A manager wishes to estimate an average cost equation of the following form: $C = a + b Q + c Q ^ { 2 }$ where Q is the level of output.Letting Z = Q² and using least-squares estimation,the manager obtains the following computer output: Given the above information,when output is 40 units,what is average cost? A)$200 B)$280 C)$360 D)$480 E)$520

A Manager Wishes to Estimate an Average Cost Equation of the Following