Please provide solution for Part B The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the only three sizes possible.OutputPlant 1Plant 2Plant 3100$15$16$212001413183001314400141211500151612a. In what plant size is MES achieved?Pant 2b. What is the economic capacity for plant 1?Economic capacity:c. What is the right-size plant to produce an output of 200?Plant 2

b. The economic capacity for plant 1 is 300. The reason is, at 300 unit of output, the average cost…

The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the only three sizes possible. Output Plant 1 Plant 2 Plant 3 100 $15 $16 $21 200 14 13 18 300 13 14 400 500 14 12 11 15 16 12 a. In what plant size is MES achieved? Plant 2 b. What is the economic capacity for plant 1? Economic capacity:

The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the only three sizes possible. Output Plant 1 Plant 2 Plant 3 100 $15 $16 $21 200 14 13 18 300 13 14 400 500 14 12 11 15 16 12 a. In what plant size is MES achieved? Plant 2 b. What is the economic capacity for plant 1? Economic capacity:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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