A firm total cost are c= 4q²,q is level of output, it can sell any number of units of output at a price 72 shillings ,however production causes damage on the industries neighbours ,the total damage TD caused depends on the industry's output i. e TD= 3Q+Q⁴,assume the company has property rights in the absence of an agreement with its neighbours. what will be its level of output??

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.