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Ike’s Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company’s short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.)

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Ikes Bikes Is A Major Manufacturer Of Bicycles Currently The Company Produces Bikes Using Only One Factory However It Is Considering Expanding Production To Two class=

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