Question: Please make the graph and procedure. Problem 2 Production and Costs in the Long Term. The management of the company Wigs, Surf SA decides in
Please make the graph and procedure.

Problem 2 Production and Costs in the Long Term. The management of the company Wigs, Surf SA decides in the long term to modify its production process and therefore, modify its machinery, equipment, and available tools, which causes the company's capital cost to increase to $5,000. Workers continue to receive an equal weekly wage. Management announces that production increased by 100% for each of the initial production scenarios. a. Calculate the fixed cost, variable cost, and total cost of the company. b. Calculate the average total cost of operating with this new capital and compare it in a table with the average total cost of the initial case. c. Draw the long-term average total cost graph, which reflects the company's two ways of producing. In Microsoft Excel. d. Explain the production levels where it is justified for the m produce with the initial equipment or with the new equipment
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