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Please answer all the questions below ASAP, thank you Q2. Because hula hoops have come back in style, Hoops Unlimited wants to enter the market

Please answer all the questions below ASAP, thank you

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Q2. Because hula hoops have come back in style, Hoops Unlimited wants to enter the market quickly. It has three choices: (a) refurbish the old equipment at a cost of $600, (b) make major modifications at the cost of $1100, or (c) purchase new equipment at a net cost of $1800. If the firm chooses to refurbish the equipment, materials and labour would be $1.10 per hoop. If it chooses to make modifications, materials and labour would be $0.70 per hoop. If it buys new equipment, variable costs are estimated to be $0.40 per hoop. 5) Construct a graph with the total cost functions of those three choices. (Make a pdf or a photo, and upload your file. 5 points) MGSC 1205 Assignments July-August, 202 6) Which alternative should Hoops Unlimited choose if it thinks it could sell more than 3000 hula hoops? A. Option #1: Refurbish the old equipment at a cost of $600 B. Option #2: Make major modifications at the cost of $1100 C. Option #3: Purchase new equipment at a net cost of $1800 D. Option #1 or 2

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