3. Pharmed Caplets is an antibiotic product with monthly revenues and costs of: (a) (b) (C) (d) TR = 900Q 0.1Q2 TC = 36,000 + 200Q + 0.4Q2 Set up a spreadsheet (table) for output (Q), price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC), average cost (AC), total prot (at), and marginal prot (ME). Establish a range for Q from 0 to 1,000 in increments of 100 (i.e., 0, 100, 200, ..., l ,000). Based on your spreadsheet answer in part (a), at what priceloutput combination is total prot maximized? Why? Based on your spreadsheet answer in part (a), at what pricefoutput combination is average cost minimized? Why? At what pricefoutput combination is total revenue maximized? Why? Giant Screen TV, lnc., is a Miami-based importer and distributor of 60-inch screen l-lTJT'Vs for residential and commercial customers. Revenue and cost relations are as follows: (a) (b) (C) TR = 1800Q 0.001502 TC = 12.100000 + 8000 + 0.004012 Calculate output, marginal revenue, marginal cost, average cost, average variable cost, average xed cost, price, and prot at the average cost-minimizing activity level. Calculate output, marginal revenue, marginal cost, average cost, average variable cost, average xed cost, price, and prot at the prot-maximizing activity level. Calculate output, marginal revenue, marginal cost, average cost, average variable cost, average xed cost, price, and prot at the revenue-maximizing activity level