Order the answer to: 4. The following are three short-run average total cost schedules for the only three possible plant

Academic Help economy Order the answer to: 4. The following are three short-run average total cost schedules for the only three possible plant

economy

Order the answer to: 4. The following are three short-run average total cost schedules for the only three possible plant

Question 4. The following are three short-run average total cost schedules for the only three possible plant sizes, 1, 2, and 3. Find the long-run average cost schedule and show the result in the second table. (6 points) Long Run Size 3 Size 1 Size 2 AC Q ATC ATC ATC 10 10 $1.00 $0.95 $1.00 20 40 20 30 0.80 50 0.87 0.90 30 0.85 40 0.76 60 0.84 40 0.88 50 0.79 70 0.80 0.93 0.83 50 60 80 0.95 60 1.05 70 0.90 90 1.05 90
Subject economy
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