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Are the answers correct? If not what should I fix? At how should I graph the LRAC^2 Average Total Cost (Dollars per bike) Number of

Are the answers correct? If not what should I fix? At how should I graph the LRAC^2

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Average Total Cost (Dollars per bike) Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 and Study Tools 440 280 240 320 480 800 620 380 240 240 380 620 Offers 800 480 320 240 280 440 Options e Success Tips Suppose Ike's Bikes is currently producing 200 bikes per month in its only factory. Its short-run average total cost is 280 per bike. Success Tips Suppose Ike's Bikes is expecting to produce 200 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using_ one factory Feedback On the following graph, plot the three short-run average total cost curves (SRATC) for Ike's Bikes from the previous table. Specifically, use the green points (triangle symbol) to plot its short-run average total cost if it operates one factory (SRATCy); use the purple points (diamond symbol) to plot its short-run average total cost if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its short-run average total cost if it operates three factories (SRATC3). Finally, plot the long-run average cost curve (LRAC) for Ike's Bikes using the blue points (circle symbol). Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 800 SRATC COST PERBIKE (Dollars) SRATC2 SRATC 3 180 LRAC Activate Window Go to Settings to activ 0 100 200 300 400 500 600 700 QUANTITY OF OUTPUT (Bikes)

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