Bavarian Crystal works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian crystal works estimates total and marginal production...

Bavarian Crystal works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian crystal works estimates total and marginal production cost to be:

TC= 10,000+40 Q + 0.0025Q^2

And

MC equals 40+0.005Q

where cost are measured in US dollars in cuteness and number of wine decanters produced annually. Because Bavarian crystal works is the only one of many Christian producers in the world market, it can sell as many of the decanters it wishes for $70 apiece. Total and marginal revenue are:

TR=70 Q and MR = 70

1. what is the optimal level are production of wine decanters? What is a marginal revenue from the last wine decanters sold?


2. What part of total revenue, total costs, and net benefit (profit) from selling the optimal number of wine decanters?


3. At the optimal level of production of decanters, extra decanted can be so for $70, thereby increasing total revenue by $70. Why does the manager of the firm not produce and sell one more unit?