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please see attached Question 6 [22 points] The following table contains short-run average total cost data for 5 different plant sizes for the Swan Furnace

please see attached

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Question 6 [22 points] The following table contains short-run average total cost data for 5 different plant sizes for the Swan Furnace Cleaners company. Output Plant 1 Plant 2 Plant 3 Plant 4 Plant 5 8 48 10 40 12 54 14 34 40 18 40 - 20 48 16 22 1 14 1 24 1 16 22 26 14 28 1 10 54 40 8 40 30 32 54 10 1 34 14 1 36 22 16 14 - 38 16 48 40 40 42 40 34 46 54 - 48 40 50 48 52 Complete the following questions. a) Graph the short-run average total cost curves for the plants then sketch the long-run average total cost curve. Note: You must plot all of the points for each short-run average total cost curve to receive full marks.Short-run Average Total Cost Curve for Plant 1 56- 48- Costs 32 24 16- 6 12 18 24 30 36 42 48 54 Reset Quantity of Output b) What is the best size of plant if output is: Output Plant Size 14 34 50 c) What plant size would Swan Furnace Cleaners need to use in order to achieve Minimum Efficient Scale (MES)? Plant size = 0 d) What is the output level that achieves MES? Output level = 0

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