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5. Costs in the short run versus in the long run

Tke's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory: However, it is considering expanding of production if it uses one, two, or three factories. (Notes Q equais the total quantity of bikes produced by all factories.)


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AVERAGE TOTAL COST (Dolars per bke) ob

LRATC 50 100 150 200 250 300 350 QUANTITY OF OUTPUT (Bikes) Type here to search


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