Consider the following statements
$$1.$$ $$\,\,\,\,\,\,\,\,\,\,\,\,$$ As the cutting speed increases, the cost of production initially reduces, then
$$\,\,\,\,\,\,\,\,\,\,\,\,$$after an optimum cutting speed it increases.
$$2.$$ $$\,\,\,\,\,\,\,\,\,\,\,\,$$ As the cutting speed increases the cost of production also increases and
$$\,\,\,\,\,\,\,\,\,\,\,\,$$after a critical value to it reduces.
$$3.$$ $$\,\,\,\,\,\,\,\,\,\,\,\,$$ Higher feed rate for the same cutting speed reduces cost of production.
$$4.$$ $$\,\,\,\,\,\,\,\,\,\,\,\,$$ Higher feed rate for the same cutting speed increases the cost of production

Which of the statements given above are correct?

Match List - $${\rm I}$$ (Cutting tool materials) with List - $${\rm I}$$$${\rm I}$$ (Manufacturing methods) and select the correct answer using the codes given below the lists:

A batch of $$500$$ jobs of diameter $$50$$ $$mm$$ and length $$100$$ $$mm$$ is to be turned at $$200$$ $$rev/min$$ and feed $$0.2$$ $$mm/rev.$$

Applying Taylor's equation $$V{T^{0.25}} = 160,$$ the tool life in minutes is

A batch of $$500$$ jobs of diameter $$50$$ $$mm$$ and length $$100$$ $$mm$$ is to be turned at $$200$$ $$rev/min$$ and feed $$0.2$$ $$mm/rev.$$

The number of components per tool life