The table below shows average cost data for three different-sized plants—1, 2, and 3—which are the only three sizes possible.Output100Plant 1$1815Plant 2$1411200300117400105001489Plant 3$101191011a. In what plant size is MES achieved?(Click to select)b. What is the economic capacity for plant 2?Economic capacity:c. What is the right-size plant to produce an output of 300?✓ (Click to select)Plant 1Plant 3Plant 2

Economic capacity is the output level corresponding to the minimum average cost of a plant. The…

The table below shows average cost data for three different-sized plants-1, 2, and 3-which are the only three sizes possible. Plant 1 $18 15 Plant 2 $14 11 11 7 Output 100 200 300 400 500 8 9 10 14 Plant 3 $10 11 9 10 11 a. In what plant size is MES achieved? (Click to select) b. What is the economic capacity for plant 2? Economic capacity: c. What is the right-size plant to produce an output of 300?