:l. . Individugl Problems 7-3 The variety 0f Riverside Ranger logo T-shirhs Includes 12 different designs. Setup between designs takes one hour (and $22,000), and, after setting up, you can produce 1,000 units nf a particular design per hour (at a cast 035,000). Note: Assume Q denotes the quantity pmduCed of a particular design. Which of the following best represents lire average cost function for producing any single design? 0 AC = $22,000 + $3,000 0 AC = $22,000 + $5 0 AC = im + $5 0 AC 522,000 + % Based on 13115 Information, production in any one single design V economies of scale