CENGAGE MINDTAP Q Search this M6 L2.1 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. Recently, management has been considering expanding operations to one or two additional factories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates out of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.) Average Total Cost (Dollars per scooter) Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 360 200 160 240 400 720 N 540 300 160 160 300 540 720 400 240 160 200 360 Suppose Scooter's Scooters is currently producing 500 scooters per month in its only factory. Its short-run average total cost is $ per scooter. Suppose Scooter's Scooters is expecting to produce 500 scooters per month for several years. In this case, in the long run, it would choose to produce scooters usingOn the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATCy); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SR.ATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter'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 connect the points automatically. 800 A 720 SRATC, 640 560 SRATC, 480 400 AVERAGE TOTAL COST (Dollars per scooter) SRATC, 320 O- 240 LRATC 180 80In 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. Range Economies of Scale Constant Returns to Scale Diseconomies of Scale Between 300 and 400 scooters per month O O O Fewer than 300 scooters per month O O O More than 400 scooters per month O O O Grade It Now Save & Continue