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(See Solution) Sue's surfboard's total product schedule is Sue's surfboards buys a second plant and the total product of each quantity of labor increases by

Question: Sue's surfboard's total product schedule is

Sue's surfboards buys a second plant and the total product of each quantity of labor increases by 50 percent. The total fixed cost of operating each plant is $200 a week. The wage rate is $100 a week.

  1. Set ouit the average total cost curve when Sue's Surfboards operates two plants
  2. Draw the long—run average cost curve.
  3. Over what output ranges is it efficient to operate one plant and two plants?

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