G fiu canvas - Buscar co x FIU FIU Canvas - FIU Canv X MindTap - Cengage Le X Flu Calendar G) course hero - Buscar c X *Course Hero X *Homework Help - Q8 x + X C ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id= 1401709590&snapshotld=27858138 2 WhatsApp Instagram Lo que necesites, lo... G My Account Winter 2017/2018 A... M Gmail YouTube Maps = News Translate Ophidias G Noticias Traducir Nueva pestana SANTIAGO CENGAGE | MINDTAP Q Search this course ? My Home Homework [Ch 13) X Courses 5. Costs in the short run versus in the long run Catalog and Study Tools Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month A-Z Rental Options for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) College Success Tips Average Total Cost Career Success Tips (Dollars per bike) Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 ? Help 440 280 240 320 480 800 2 620 380 240 240 380 620 Give Feedback W 800 480 320 240 280 440 bongo Suppose Ike's Bikes is currently producing 600 bikes per month in its only factory. Its short-run average total cost is |$ per bike Suppose Ike's Bikes is expecting to produce 600 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using On the following graph, plot the three SRATC curves for Ike's Bikes from the previous table. Specifically, use the green points (triangle symbol) to plot A+ its SRATC curve if it operates one factory (SRATC1 ); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories ( SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC:). Finally, plot the long-run average total cost (LRATC) curve 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. (? 800 720 79 F O 10:13 PM Haze 3/24/2022 1MindTap - Cengage Learning X X C ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1401709590&snapshotld=27858138 2 WhatsApp Instagram . Lo que necesites, lo... G My Account Winter 2017/2018 A... M Gmail YouTube Maps = News Translate Ophidias GE Noticias Traducir Nueva pestana SANTIAGO CENGAGE | MINDTAP Q Search this course ? My Home Homework [Ch 13) X INULLI I JOE YOUR PUMPS III CHIC PRICE Jucomuucuny . Courses (?) Catalog and Study Tools A-Z Rental Options 800 720 College Success Tips 640 SRATC Career Success Tips 2 560 480 ? Help e SRATC? ED 400 Give Feedback SRATC 3 AVERAGE TOTAL C bongo 160 LRATC 80 0 100 200 300 400 500 600 700 QUANTITY (Bikes) A+ 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 bike production. Range Economies of Scale Constant Returns to Scale Diseconomies of Scale More than 400 bikes per month O O O Between 300 and 400 bikes per month O O O Fewer than 300 bikes per month O O O Grade It Now Save & Continue 79.F O O 10:13 PM 1 Haze 3/24/2022