Q. No 2. Average Cost Curves of four different plants operating in the short run are given as: Plant 1 Plant 2 Plant 3 Plant 4 Output Short Run Average Cost Output Short Run Average Cost Output Short Run Average Cost Output Short Run Average Cost (Q) (SAC1) (Q) (SAC2) (Q) (SAC3) (Q) (SAC4) 1 20 3 16 5 13 9 12 2 17 4 13 6 11.5 10 11.5 3 15.5 5 12.2 7 10.5 11 11.7 4 15 6 12 8 10 12 12 5 16 7 13 9 10.5 13 13.5 6 18 8 15 10 11 11 12 Draw the short run average cost curves and derive the long run average cost curve