Your company, Springfield Inc., is considering developing and building a new electric passenger car. Average variable costs of production are expected fall as in Wright's learning curve model. You have the following information: Total research, development, testing, and evaluation (RDT&E) costs (this is a fixed cost; not a variable cost): $90 million The following costs are variable costs (they don't include the $90 million) Expected cumulative average cost of the first 100 cars: $160 thousand Expected cumulative average cost of the first 350 cars: $121 thousand From this information, report the learning rate and complete the following table. Learning rate: Average Fixed Average Total # of cars Total RDT&E Costs Variable Cost Average Total Cost Marginal Cost* 4 16 32 64 128 256 512 1,024 2,048 4,096 8,192 16,384 32,768 65,536 131,072*The marginal cost, given the functional form of the learning curve, is (b+1)*(average variable cost). You will be reporting the values in the shaded cells in Moodle. In addition, answer the following questions: 10. If the price of each car was $39,044, how many cars must Springfield Inc. build and sell to cover total costs? 11. If the price of each car was $59,897, how many cars must Springfield Inc. build and sell to cover total variable costs? 12. If the price of each car was $40,000, how many cars must be produced such that the marginal cost falls below the price? You may either report the smallest total # of cars from above where MC