(Solved): i need d please Ouestion 5) The following diagram shows three possible SRATC curves and an LRAC curv ...

Ouestion 5) The following diagram shows three possible SRATC curves and an LRAC curve for a single firm producing light bulbs where each SRATC curve is associated with a different size of plant (ie: the factory in which the bulbs are produced). Question $5a$ If the firm is producing 0 . Light bulbs using Plant $\#1$ what are the fim's average costs? At ${\mathrm{O}}_2$ is the firm demonstrating economes of scale or diseconomies of scate or is it at minimum efficient scate? Explain what woutd happen to this firms plant size and cost of production if it increased output in the tong run beyond a Question $sb$ if the firm is producing 0 . light bulbs using Plant. \#2. what are the firmis average costs At $Q$, is the firm demonstrating economies of scale or diseconomies of scate or is it at minimum efficient scale? Explain what would happen to this firms plant size and cost of production if increased output in the tong run beyond 0 . Ouestion scif the firm is producing Q, ight bulbs using Plant it what we the firms average costs? At $Q$, is the firm demonstrating economes of scale or diseconomes of scate or isit at minimum efficint scate? Explain what would happen to this firms plant size and cost of production if increased cutput in the loogrun beyond:? Ouestion sd Using the dagram draw another LRAC curveriabeliedL SAC that shows what heppens when discovery of a nesi technology redices the amount of matals requiredite