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A jeweler is considering producing a limited edition diamondbracelet, and she is trying to decide how many bracelets toproduce. The table gives her estimated total cost for variousproduction levels as well as the price she would charge for eachbracelet. Number of bracelets Total cost (thousands) Price perbracelet 100 $215 $8100 200 $420 $7500 300 $625 $6100 400 $820$5100 500 $1015 $4200 600 $1205 $3600 (a) Of the production levelslisted in the table, which gives the highest profit? (b) Estimatethe marginal cost and marginal revenue when 400 bracelets are made.marginal cost $ marginal revenue $ (c) According to the estimatesin part (b), will increasing the production level higher than 400bracelets increase profit? Yes, increasing production will increaseprofit. No, increasing production will not increase profit.