Please try to attempt at least 10 statements for each question and show graphs if necessary.

5. The table below shows how the average costs of production for microchips change as the quantity of microchips built at a factory in South Korea increases. Quantity of microchips Average Total Cost 10,000 $4 each $2.5 each $1.5 each 100,000 $1 each a. Based on these data, draw a curve with quantity produced 011 the horizontal axis and average cost of production on the vertical axis. How does the curve illustrate economies of scale? b. If the equilibrium quantity of microchips demanded is 90,000, can this economy take full advantage of economies of scale? What about if quantity demanded is 50,000 microchips? 30,000 microchips? c. Explain how international trade could make it possible for even a small economy to take full advantage of economies of scale, While also beneting from competition and the variety offered by several producers