Q1. Specify the best parametric model for estimating the direct cost of commercial facility construction projects performed by this firm. You may select one of the above models or propose a new model, but be sure that your proposal is clearly elucidated also well-defended, including arguments for why your chosen model's weaknesses are not fatal to your recommendation. Among other items, please defend why your model is valid

Q2. Currently, at a price of $1 every, 300 popsicles are sold every day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1). In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.5.