1. A company produces fake refrigerators (7*). There are two technologies available to produce these. Technology 1 has cost function 72. Technology 2 has cost function rZ + 101". Neither have any xed cost. A. Derive the ATC (average total cost) for each technology. B. Derive the marginal cost (MC) for each technology. Do the technologies have increasing, decreasing or constant marginal costs? C. Sketch the long-run average total cost curve facing the rm. D. Over what range of output would the rm prefer to use technology 1 rather than than technology 2? E. The rm is a price-taker. If the price of fake refrigerators is 20 which technology would they choose in the long run