5) Below are widget production details at Super Duper Production Company. Management has been accessing costs and want to create production efficiencies as an expected recession approaches. Fixed costs are $1325/month and labourers cost $800/month. You are to i) calculate and complete the table; ii) prepare the graph showing the MC and ATC curves based on the calculated values as you prepare your presentation for management. (3+2+5 marks) Super Duper Production Company Labourers Output FC VC TO MC ATC 1 280 540 770 4 960 1130 6 1270 7 1380 1450 iif) Points for management discussion. Price 12.00 Recommendations: The number of labourers to be 10.00 retained should be_ which 8.00 will result in a MC of $ and an ATC of $. per widget. 6.00 Based on these calculations we will produce widgets at a total 4.00 cost of $ 2.00 0 300 600 900 1200 1500 1800 Quantity