A company is investigating two automated approaches for its production process. It has collected the following cost information about each: 
a.At what point of production will the firm be indifferent to which process it wants?
b.Which process is more economical for an annual production volume of 50,000 units?
c.Which process is more economical for an annual production volume of 100,000 units?
Definitions:
M'Naghten Rule
A legal standard for determining criminal insanity, which focuses on whether the defendant was able to understand the nature and quality of the act or knew it was wrong.
American Law Institute Test
A standard used in criminal law to determine insanity, focusing on the inability to distinguish right from wrong and self-control over actions.
M'Naghten Rule
A legal standard used to evaluate whether a defendant was insane at the time of committing a crime and therefore not responsible for their actions.
Ronald Reagan
40th President of the United States, serving from 1981 to 1989, and a former actor.
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