Questions $21-27$ are based on the following. Fjord Furniture has been manufacturing furniture in the United States for two deca Based in Ohio, Fjord produces standard, noncustomized furniture for median price$-$range consumers. The furniture is produced through manual labor, and Fjord's primary advantage is the low cost of materials that are available close to the production facili The recent introduction of high$-$technology equipment such as laser$-$robotic lathes offers Fjord the opportunity for Fjord to redu its reliance on manual labor and increase the use of automated systems. Adopting this technology will also allow the production facilities to operate around$-$the$-$clock. Profit margins are likely to decline after five years as competitors adopt the new technolog Fjord is located in a region whose economy has been plagued by corporate consolidations and changes in manufacturing proces Strong labor unions dominate the region, even though labor union membership has been declining in recent years. The local pr has focused its reporting on the negative effects of outsourcing and workforce reductions. If Fjord successfully implements the $r$ technology, the move will most likely result in

a decrease in total and variable cost and an increase in fixed cost

a decrease in total cost, an increase in variable cost, asm decrease in fixed cost

an increase in revenue and a decrease in variable cost and fixed costs

an increase in revenue, a decrease in variable cost, and an increase in fixed cost