P2.10 Average Cost Minimization. Giant Screen TV, Inc., is a Miami-based importer and distributor of 60-inch screen HDTVs for residential and commercial customers. Revenue and cost relations are as follows TR = $18000 $0.006Q2 MR = dTR/dQ - $1800 - $0.012Q PC = $ 12 100 000 + $800Q + $0.004Q2 MC = dTC/dQ = $800 + $0.0080 Copyright 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, orduplicated, in whole or in pait. Due to electronic rights, some third party content may be suppressed from the eBook and'or eChapteifs). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any lime ifsubsequent rights restrictions require it. 52 Part 1: Overview ofManagerial Economics A. Calculate output, marginal cost, average cost, price and profit at the average costminimizing activity level. B. Calculate these values at the profit-maximizing activity level. C. Compare and discuss your answers to parts A and B.