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1formulate the regression model avc function based on the

Dep. Var.: AVC	R-Square	F-Ratio	P-value on F
Obs.: 43	0.6316	55.91	0.0001
Variable	Para. Est.	Std. Err.	T-Ratio	P-value
Intercept	665.124	138.568	4.80	0.0002
Q	-0.16458	0.09738	-1.69	0.0925
Q2	0.00079	0.00028	2.82	0.0001

1: Formulate the regression model (AVC function) based on the estimates. If Flextronics produces the output level at 100, what is the estimated AVC?

2: At last production period, Flextronics discloses its total fixed cost (TFC) as $500,000, and its production level is 50. What is the Flextronics' total cost (TC)?

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