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Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 1 360 200 160 240 400 720 2 540 300 160 160 300 540 3 720 400 240 160 200 360 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 produc scooters using On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC₁); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter's 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. ERAGE TOTAL COST (Dollars per scooter) 800 720 640 560 480 400 320 240 A SRATC SRATC2 ヒーロー SRATC3 160 e LRATC (?) LG

Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 1 360 200 160 240 400 720 2 540 300 160 160 300 540 3 720 400 240 160 200 360 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 produc scooters using On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC₁); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter's 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. ERAGE TOTAL COST (Dollars per scooter) 800 720 640 560 480 400 320 240 A SRATC SRATC2 ヒーロー SRATC3 160 e LRATC (?) LG

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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\table[[Number of Factories,Q=100,Q=200,Q=300,Q=400,Q=500,Q=600
Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 1 360 200 160 240 400 720 2 540 300 160 160 300 540 3 720 400 240 160 200 360 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 produc scooters using On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC₁); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter's 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. ERAGE TOTAL COST (Dollars per scooter) 800 720 640 560 480 400 320 240 A SRATC SRATC2 ヒーロー SRATC3 160 e LRATC (?) LG
Transcribed Image Text:Number of Factories Q = 100 Q = 200 Q = 300 Q = 400 Q = 500 Q = 600 1 360 200 160 240 400 720 2 540 300 160 160 300 540 3 720 400 240 160 200 360 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 produc scooters using On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (triangle symbol) to plot its SRATC curve if it operates one factory (SRATC₁); use the purple points (diamond symbol) to plot its SRATC curve if it operates two factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plot the long-run average total cost (LRATC) curve for Scooter's 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. ERAGE TOTAL COST (Dollars per scooter) 800 720 640 560 480 400 320 240 A SRATC SRATC2 ヒーロー SRATC3 160 e LRATC (?) LG
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