Question: Please answer question in the picture. 5. ABC Co.'s total revenue and total costs are given below TR = 9000 - 0.102 TC =36000 +

Please answer question in the picture.

Please answer question in the picture. 5. ABC Co.'s total revenue and

5. ABC Co.'s total revenue and total costs are given below TR = 9000 - 0.102 TC =36000 + 2000 +0.402 Calculate the marginal revenue and marginal cost functions 11. Set up a spreadsheet for output (Q). price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), average cost (AC), total profit (), and marginal profit (MI). Establish a range for Q from 0 to 1,000 in increments of 100 (i.e.; 0, 100, 200, ..., 1,000). Calculate output, marginal cost, average cost, price, and profit at the average cost minimizing activity level. Revenue and cost relations are as follows: TR =18000-0.00602 and TC =12100000 + 8000 + 0.00402

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