1. A producer of a certain commodity estimates that when x number of units in hundreds are produced per week, the total cost in thousand is represented by the function C' (2:) = 2.5:]:2 7 503 + 400 all x units will be sold at a price of (200 - x) pesos per unit. a.Determine the level of production that results in maximum prot. Find the maximum prot. b.Find the level of production if the average cost per unit is minimized.A{x)=lc(xl)/x c.Find the level of production where the average cost is equal to marginal cost. 2. Jay R Machine Shop manufactures drill bits used in the Petroleum industry. The manager of the said company, through their researches, esmates that the total weeklyr cost in thousand of pesos pf producing x bits is represented by C (I) : 5000 + 50: 0.00132. a. Find the average cost function and marginal average cost function. b. Find the average cost and marginal cost as x = 15 units