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6. Please answer questions 6a through 6c below. You produce widgets. Currently you produce 4 widgets at a total cost of $40. 6a. What is
6. Please answer questions 6a through 6c below. You produce widgets. Currently you produce 4 widgets at a total cost of $40. 6a. What is your average cost of producing widgets? Please show calculation and work. 6b. Suppose that you could produce 6 widgets and the total cost of producing 6 widgets is $30. If you produce 6 widgets, what will your average total cost be? Compared to your answer in 6a, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Please show your work and calculations and then explain. 6c. Suppose that you could produce 10 widgets and the total cost of producing 10 widgets is $120. If you produce 10 widgets, what will your average total cost be? Compared to your answer in 6b, has your average total cost increased or decreased and does your firm experience economies of scale or diseconomies of scale and why? Do you think your firm will experience some problems if your firm does experience diseconomies of scale? If so, why? If not, why not? What can you, as a manager of the widget company, do to correct this problem? Explain. Please show your work and calculations and then explain
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