Question: Draw a correctly labeled graph showing a short-run average total cost curve and the corresponding longrun average total cost curve. On your graph, identify the

  1. Draw a correctly labeled graph showing a short-run average total cost curve and the corresponding longrun average total cost curve. On your graph, identify the areas of economies and diseconomies of scale.
  2. Draw a correctly labeled graph showing a short-run average total cost curve and the corresponding longrun average total cost curve. On your graph, identify the areas of economies and diseconomies of scale.

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