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The table below contains short run average cost data for five different plant sizes for C3PO Technologies Ltd.
a)On the grid in the figure below,graph the short-run average cost curves for the five plants.
b)What is the right-size of plant for each of the following output levels:2,4,6,8 and 10?
c)Do a sketch of the long-run average cost curve in the graph above.
d)What plant size would C3PO need to use in order to achieve MES?
e)If C3PO is producing an output level of 6 in plant size 4,does excess capacity exist?
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