6. (10 pts.) Next year, after selling the excess product, you must factor into your pricing decision the production cost
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6. (10 pts.) Next year, after selling the excess product, you must factor into your pricing decision the production costs. The production manager of the firm estimates (also using linear regression) that the variable cost per unit is given by AVC=28-5.5Q+Q²
9. (15 pts.) Next year the economic consulting firm anticipates that, while income will remain relatively unchanged, the price of stereos will be $900. Would your company produce more or less headphones? How much will be your annual profit?