Please solve all parts. Options for blank: one factory, two factories, three factories Scooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scootersusing a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additionalfactories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operatesout of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.)Number of Factories Q = 50122023104003Q = 100140.190240Average Total Cost(Dollars per scooter)Q = 150 Q = 200120160120160120120Q = 250240190140Q = 300400310220Suppose Scooter's Scooters is currently producing 300 scooters per month in its only factory. Its short-run average total cost is $per scooter.Suppose Scooter's Scooters is expecting to produce 300 scooters per month for several years. In this case, in the long run, it would choose to producescooters usingOn the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (trianglesymbol) to plot its SRATC curve if it operates one factory (SRATC1); use the purple points (diamond symbol) to plot its SRATC curve if it operatestwo factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plotthe 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.(?) On the following graph, plot the three SRATC curves for Scooter's Scooters from the previous table. Specifically, use the green points (trianglesymbol) to plot its SRATC curve if it operates one factory (SRATC1); use the purple points (diamond symbol) to plot its SRATC curve if it operatestwo factories (SRATC2); and use the orange points (square symbol) to plot its SRATC curve if it operates three factories (SRATC3). Finally, plotthe 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.AVERAGE TOTAL COST (Dollars per scooter)40036032028024020016012080400050100150200QUANTITY (Scooters)RangeFewer than 150 scooters per month250More than 200 scooters per monthBetween 150 and 200 scooters per month300350SRATC₁OSRATC2SRATC3In the following table, indicate whether the long-run average cost curve exhibits economies of scale, constant returns to scale, or diseconomies ofscale for each range of scooter production.。LRATC(?)Economies of Scale Constant Returns to Scale Diseconomies of Scaleοι οι οOO

Scooter's Scooter is an American scooter-producing firm. Currently, the firm is producing all of its…

Scooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scooters sing a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additional actories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates ut of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.)

Scooter's Scooters is a large American manufacturer of electric scooters operating out of Boise. Currently, the company produces all of its scooters sing a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additional actories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates ut of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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