The following are three short-run average total cost schedules for the only three possible plant sizes, 1, 2, and…

The following are three short-run average total cost schedules for the only three possible plant sizes, 1, 2, and…

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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.
Size 1
8888880
60
ATC
$1.00
90
85
88
93
1.05
Size 2
Q
20
30
40
50
60
70
Long-Run
Q
10
90
ATC
$.95
.80
76
79
83
90
Size 3
Q
80
40
so
60
288
70
80
90
ATC
$1.00
87
84
.80
95
1.05
AC
$

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