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Economics 3 . Individual Problems 7-3 The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $22,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $5,000). Note: Assume Q denotes the quantity produced of a particular design. Which of the following best represents the average cost function for producing any single design? O AC = $22,000 + $5,000 O AC = $22,000 + O AC = $22,000 2 + $5 O AC = $22,000 + $5 Based on this information, production in any one single design economies of scale