refer to the following:
A manager wishes to estimate an average cost equation of the following form:

where Q is the level of output. Letting Z = Q 2 and using least-squares estimation, the manager obtains the following computer output:

-When output is 40 units, what is average cost?
A) $200
B) $280
C) $360
D) $480
E) $520

Question

refer to the following:
A manager wishes to estimate an average cost equation of the following form:
  
where Q is the level of output. Letting Z = Q 2 and using least-squares estimation, the manager obtains the following computer output:
 
-When output is 40 units, what is average cost?
A) $200 
B) $280 
C) $360 
D) $480 
E) $520

Quizplus · Accepted Answer

The Answer of refer to the following:
A manager wishes to estimate an average cost equation of the following form:
  
where Q is the level of output. Letting Z = Q 2 and using least-squares estimation, the manager obtains the following computer output:
 
-When output is 40 units, what is average cost?
A) $200 
B) $280 
C) $360 
D) $480 
E) $520

Refer to the Following