Economies of Scale (1 point) A company faces the following costs at the respective production level in addition to its fixed costs of $50,000:

Quantity Marginal Cost Sale Price Marginal Return 1 $10,000 $20,000 $10,000 2 $11,000 $ 20,000 $9,000 3 $12,000 $20,000 $8,000 4 $13,000 $20,000 $7,000 5 $14,000 $20,000 $6,000

1) Calculate average total cost of each quantity. What happens to the Average Total Cost as output increases from 1 to 5?