Complete the questions and draw a graph. Total:4 questions(marked by red pen)

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 1 440 280 240 320 430 800 2 620 380 240 240 330 620 3 800 480 320 240 280 440 Suppose Scooter's Scooters is currently producing 100 scooters per month in its only factory. Its short-run average total cost is 3 per scooter. Suppose Scooter's Scooters is expecting to produce 100 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using 2" ' 1/2/3 fa Ctory On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATCl); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC'z); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRAEUg). Finally, plot the long-run average total cost (LRATC) curve for Scooter's Scooters using the blue points (circle symbol). 800 A 720 E 8 640 SRATC1 B .. + g 560 E 2 E 430 SRATC2 El 5, .00 -I- o o _l E 320 SRATC 3 I9 240 LIJ '.' 0 E 160 g LRATC 4: so 0 0 100 200 300 400 500 500 700 QUANTITY (Scooters) In 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 production4 Range Economies of Scale Constant Returns to Scale Diseconomies of Scale Fewer than 300 scooters per month 0 O 0 Between 300 and 400 scooters per month 0 O O More than 400 scooters per month O O O