Answering from the article: GM Courts Mainstream Buyers with $30,000 Electric Chevy Equinox. The SUV, slated to arrive in fall 2023, would be among the least-expensive electric vehicles in the U.S.

Discussion 1. Discuss how firms can increase the production of their products in the economic short run and the long run. Discuss what distinguishes the short run from the long run? 2. Draw and label a graph that depicts a long-run average total cost (LRATC) curve for the production of electric vehicles. Discuss wh an increase in production in the long run result in a lower average cost of production for electric vehicles. Be sure to label your LRATC correctly and identify the regions that represent economies of scale, constant returns to scale, and diseconomies of scale. No graph, no points. 3. In the article an engineer in charge of GM's electric Equinox program states: "We wanted to get into the heart of the market... The more volume we can get, the lower we can get the price." Discuss why an increase in production would allow GM to charge lower prices for electric vehicles. 4. Discuss the difference between the marginal cost (MC) of producing an electric vehicle and the average total cost (ATC) of producing an electric vehicle in the short-run