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5) Jackie's Canoe Rides rents canoes at $100 per day and pays $50 per day for each canoe operator it hires. The table shows the

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5) Jackie's Canoe Rides rents canoes at $100 per day and pays $50 per day for each canoe operator it hires. The table shows the firm's production function. Output (Rides/Day) Labour Plant 1 Plant 2 Plant 3 Plant 4 (Workers/Day) 10 20 40 55 65 20 40 60 75 85 30 65 75 90 100 40 75 85 100 110 Canoes 10 20 30 40 a. Graph the ATC curves for Plant 1 and Plant 2. Explain why these ATC curves differ. b. Graph the ATC curves for Plant 3 and Plant 4. Explain why these ATC curves differ. c. On Jackie's LRAC curve, what is the average cost of producing 40, 75, and 85 rides a week? d. What is Jackie's minimum efficient scale? e. Does Jackie's production function feature economies of scale or diseconomies of scale

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