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Please help with the blanks and graph Scooters Scooters is a large American manufacturer of electric scooters operating out of Spokane. Currently, the company produces

Please help with the blanks and graph

Scooters Scooters is a large American manufacturer of electric scooters operating out of Spokane. 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 manufacturers 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.)

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On the following graph, plot the three SRATC curves for Scooters Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC1SRATC1); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooters Scooters 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.

image text in transcribed

Suppose Scooter's Scooters is currently producing 500 scooters per month in its only factory. Its short-run average total cost is per scooter. Suppose Scooter's Scooters is expecting to produce 500 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using In the following table, indicate whether the long-run average cost curve exhibits economies of scale, constant returns to scale, or dise scale for each range of scooter production. Suppose Scooter's Scooters is currently producing 500 scooters per month in its only factory. Its short-run average total cost is per scooter. Suppose Scooter's Scooters is expecting to produce 500 scooters per month for several years. In this case, in the long run, it would choose to produce scooters using In the following table, indicate whether the long-run average cost curve exhibits economies of scale, constant returns to scale, or dise scale for each range of scooter production

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