Draw the MC and the ATC curves and show graphically: (a) The long-run optimal production and price level. (b) The economic profits when p >Min(AT C). (c) The economic profits when p

Read the question and given information carefully. Show all necessary steps and reasoning that lead to the answers. You nead to draw graphs.  a-Define diseconomies of scale and draw the long run average cost curve of a company that demonstrates diseconomies of scale b-List 2 reasons of diseconomies of scale and (in no more than 50 words for each reason) explain how each reason can contribute to diseconomies of scale

The long run is defined as A) the period of time when all resources are variable. B) any time after one year. C) the period of time when most (more than 50 percent) resources are variable. D) the period of time when all resources are fixed.

For each lettered space in the following table, determine the appropriate dollar amount.