Of the following three statements, choose the best option and write a viable argument showing how it is reflected by the Cost Function for Wichita's factory. (10 points)
1.The electricity contract with the utility company is structured so that higher daily
energy usage is charged at a lower rate.
2.The plant's production processes are performed primarily by robots that are able to
work longer hours, when needed, at no additional cost.
3.Overtime wages were required to produce at levels above 25,000 units.