Ski Boards, Inc., wants to enter the market quickly with a new finish on its ski boards. It has three choices: (a) refurbish the old equipment at a cost of $500, (b) make major modifications at the cost of $1,000, or (c) purchase new equipment at a net cost of $1,750 If the firm chooses to refurbish the equipment, materials and labour will be $1.20 per board. If it chooses to make modifications, materials and labour will be $0.80 per board. If it buys new equipment, variable costs are estimated to be $0.40 per board. a) On the graph to the right, use the line drawing tool to draw the total cost curve for each option. Label the curves TC, TC, and TC, respectively. Dollars 8,000 7,500 7,000- 6,500 6,000 5,500 5,000 4,500- 4,000 3,500- 3,000 2,500 2,000 1,500 1.000 500- o+ 0 Note: if you are not prompted for labels, you have used the wrong drawing tool. 1,000 2,000 3,000 Boards 4,000 5,000