3. The above figure represents the average total cost 5 ATC3 ATCA curves of a wheat farmer. a) Which average total cost curve has the lowest 4 average total cost of producing 20,000 bushels of Average total cost (dollars per bushel) W wheat? 2 b) Over what range of output is the farmer experiencing economies of scale? C) Over what range of output is the farmer O experiencing diseconomies of scale? 10 20 30 40 50 Output (thousands of bushels per year) d) Which average total cost curve has the lowest possible average cost of production? e Which average total cost curve represents the largest plant