2.Match the descriptions below to the appropriate concept:A. Economies of ScaleB. Efficient ScaleC. Diseconomies of ScaleD. Constant Returns to ScaleWindow Snip1. Average Total Cost increases as production increases2. Lowest point on the Long Run Average Total Cost Curve3. Average Total Cost decreases as production increases4. When increasing production leads to cost per unit produced remaining the same 1.You have not answered.Suppose that the firm FashionL sells 100 vests per month for $80 per vest. Tamina, the owner of the business and does not take salary from her business yet. Tamina is a textile engineer by trade and could be earning $ 1200 per month workingfor a similar firm.The monthly costs of production are as follow:materials: $ 2000labor: $ 3200other: $ 400What is are FashionL's total explicit costs? $What is are FashionL's total implicit costs? $What is FashionL's accounting profit? $What is FashionL's economic profit? $Next >

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2. Match the descriptions below to the appropriate concept: A. Economies of Scale B. Efficient Scale C. Diseconomies of Scale D. Constant Returns to Scale Window Snip 1. Average Total Cost increases as production increases 2. Lowest point on the Long Run Average Total Cost Curve 3. Average Total Cost decreases as production increases 4. When increasing production leads to cost per unit produced remaining the same