The Paradise Shoes Company has estimated its weekly TVC function from data colle

The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its demand equation is Q = 4100 25P. The company is currently producing 1000 pairs of shoes weekly and is considering expanding its output to 1200 pairs of shoes weekly. To do this it will have to lease another shoe-making machine ($2000 per week fixed payment until the lease period ends). Show all of your calculations and processes. Describe your answer for each item below in complete sentences whenever it is necessary.