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Question 6 [22 points] The following table contains sho rt-run average total cost data for 5 dilterent plant stes for the Pace Design company. Complete

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Question 6 [22 points] The following table contains sho rt-run average total cost data for 5 dilterent plant stes for the Pace Design company. Complete the following questions. 3} Graph the shortrun average total cost cu rves for the plants then sketch the longrun average total cost curve. Note: You must plot all ofthe points for each shortrun average tital cost curve to receive full marks. ShutnuAveramTotal leClneiu Plant 1 Shortrun Average Total Cost Curve for Plant 2 Shortrun Average Total Cost Curve for Plant 3 Shortrun Average Total Cost Curve for Plant 4 Shortrun Average Total Cost Curve for Plant 5 Longrun Average Total Cost Curve _| Costs *- Guantitv or Output i b] What is the best size of plant it output is: c} What plant size would Pace Design need to use in order to achieve Minimum Efcient Scale {MES}? Plant size = I d] What is the output level that achieves MES? Output tevel=l

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