Draw the Long-Run Cost Curve. Consider the longrun production of books. The cost of indivisible inputs used in the production of books is $1,150 per day. To produce one book per day, the firm must...

Draw the Long-Run Cost Curve. Consider the longrun production of books. The cost of indivisible inputs used in the production of books is $1,150 per day. To produce one book per day, the firm must also spend a total of $11 on other inputs–labor, materials, etc. The firm incurs a long-run marginal cost of $11.

a. Compute the average cost for 10 books, 50 books, 200 books, and 500 books.

b. Draw the long-run average cost curve for 10 to 500 books per day