Problem 2 NanoTech is ready to begin production of its exciting new technology. The company is evaluating three methods of production: (A) a small...

NanoTech is ready to begin production of its exciting new technology. The company is evaluating three methods of production: (A) a small production facility with older equipment, (B) a larger production facility that is more automated, and (C) subcontracting to an electronics manufacturer in Singapore. The costs of each alternative are shown below. Process Fixed Cost Variable Cost$40$20$60a)Draw to illustrate the total costs of the three processes.b)Find the two points of indifference that help select the right process;c)Determine for what level of demand each production process should be chosen.