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5. Costs in the short run versus in the long run Scooter's Scooters is a large American manufacturer of electric scooters operating out of Grand

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5. Costs in the short run versus in the long run Scooter's Scooters is a large American manufacturer of electric scooters operating out of Grand Rapids. Currently, the company produces all of its scooters using a single manufacturing facility, its factory in town. Fecently, managernent has been considering expanding operations to one or fwo additional factories. The following table presents the manufacturer's monthly short-run average total cost (SRAATC) for various levels of production if it operates out of one, two, or three factories. (Note: Q equals the total guantity of scooters produced by all factories.) Suppose Scooter's Scooters is currently producing 450 scooters per month in its only factory. Its short-run average total cost is per scooter. Suppose Scooter's Scooters is expecting to produce 450 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using On the following graph, piot the three SRATC curves for Scocter's Scooters from the anavious tabve. Speofically, use the green points (triangie symbol) to plot its SRATC curve if it operates one factery (SRATCD); use the purple ponts (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC C2); and use the orange points frouare symbor) to plot its SRATC curve if it operates three factories (SRATC). Finally, ovot the long-run average totai cost (LRATC) curve for Sccoser's Scooters using the blue points (circle symbol). Note: plot your points in the order in which you would like them connected. Line segments will cornect the noints automaticaily. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. In the following table, indicate whether the long-run average cost curve exhibits economies of scale, constant returns to scale, or diseconomies of scale for each range of scooter production

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