Use the following information to work Problem 6. The table shows the production function of Bonnie's Balloon Rides. Bonnie's pays $500 a day for each balloon it rents and $25 a day for each balloon operator it hires. Labor (workers per day) 10 20 30 40 50 Balloons Plant 1 6 10 13 15 16 1 Output (rides per day) Plant 2 10 15 18 20 21 2 Plant 3 13 18 22 24 25 3 Plant 4 15 20 524274 26 6.a. Graph the ATC curves for Plant 1 and Plant 2. Explain why these ATC curves differ. 6.b. Graph the ATC curves for Plant 3 and Plant 4. Explain why these ATC curves differ. 6.c. On Bonnie's LRAC curve, what is the average cost of producing 15 rides and 18 rides a day? 6.d. Explain how Bonnie's uses its long-run average cost curve to decide how many balloons to rent.

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