Question: Required information Below is short - run cost data for four different plant sizes. Plant 2 has exactly twice as many inputs as does Plant

Required information
Below is short-run cost data for four different plant sizes. Plant 2 has exactly twice as many inputs as does Plant 1. Plant 3 has exactly three times as many inputs as does Plant 1 and Plant 4 has exactly four times as many inputs as does Plant 1.
\table[[Output,$ AC: Plant 1,4 AC: Plant 2,$ AC: Plant 3,$ AC: Plant 4],[5,12,14,15,15.25],[10,11,13,13.75,14.25],[15,12,12,12.75,14],[20,14,11,12,13],[25,17,12,11.50,12.20],[30,21,13,11,11.70],[35,26,14,11.50,11.30],[40,32,17,12,11],[45,39,21,12.75,11.30],[50,47,25,13.75,11.70]]
Refer to the information above to answer this question. Which of the following statements about the shape of the LRAC curve is correct?
Required information Below is short - run cost

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