I need help please

3. Costs in the short run versus in the long run 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 shortrun average total cost (SRATC) each month for various levels of production if it uses one, two, or three facton'es. (Note: Q equals the total quantity of bikes produced by all facton'es.) Average Total Cost (Dollars per bike) NumberofFactorie-i (2:25 sto (2:75 Q:1l]l] Q2125 Q2150 1 13!] 100 Bl] 100 14!] 2|]l] 2 165 120 8|] El] 120 165 3 ZEN] 14B 100 Bl] 100 130 Suppose Ike's Bikes is currently producing 25 bikes per month in its only factory. Its shortrun average total cost is $ per bike. Suppose Ike's Bikes is expecting to produce 25 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using v . 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 its SRATC curve if it operates one factory (S RATO1); 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. 200 A 180 SRATC 160 140 SRATC, 120 100 AVERAGE TOTAL COST (Dollars per bike) 80 SRATC? O 60 40 LRATC 20 0 100 125 150 175 25 50 75 QUANTITY (Bikes)In the following table, I'ndfca te whether the longrun average cost curve exhibits economies of scale, constant returns to scale, or diseconomfes of scale for each range of bike production. Range Economies of Scale Constant Returns to Scale Diseconomies of Scale Between }'5 and 1|]EI bikes per month 0 O 0 More than 1IJI] bikes per month 0 O O Fewer than ?5 bikes per month 0 O O