Question 1 (10 pts) Your team is in charge of producing spaghetti westerns. To make the movies, you need the type of process you will use: 1 hey cost $6.000 regardless how Process 1: cost nothing, standard point and shoot with cameras. Process 2: cost $10,000, uses Computer Graphics to make more movies. The second choice you need to make is how many Movie stars you will need to hire. many movies they star in. Using the information below, answer the following questions. Movie stars Movies Created with Movies Created with Process 1] Process 2 L; (cost: $0) ' (cost: $10,000] --. u-Ii 1 1 1. What is the marginal product of a movie star? With and without the investment. 2. If it plans on making 8 movies, should the movie studio go ahead with the investment? What if it planned to produce 2? ASSIgnment answer sheet 1. Complete the table Movie stars Marginal product (process 1) Marginal product (process 2) 1 WHO'U'I-P-WN 2. Complete the tables and circle the best process in each case. Make 8 movies: Process Number of movie stars to Fixed cost of Variable Total use hire process cost cost 1 -' - 2 . - Make 2 movies: - - Braces: Number of movie stars to Fixed cost of Variable Total used hire process cost cost