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Kitchen Aid Products, Inc., manufactures small kitchen appliances and has recently introduced a new frozen yogurt maker that has clear potential to offset the sluggish

Kitchen Aid Products, Inc., manufactures small kitchen appliances and has recently introduced a new frozen yogurt maker that has clear potential to offset the sluggish sales volume experienced during the recent periods.

Monthly demand and cost relations for Kitchen Aid's yogurt maker are as follows:

P=$300$0.02QP=$300$0.02Q

MR=$300$0.04QMR=$300$0.04Q

TC=$55,000+$25Q+$0.005Q2TC=$55,000+$25Q+$0.005Q2

MC=$25+$0.01Q

Set up a table or spreadsheet for Kitchen Aid output (Q), price (P), total revenue (TR), marginal revenue (MR), total cost (TC), marginal cost (MC) and total profit (). Establish a range for Q from 0 to 15,000 in increments of 500 (i.e., 0, 500, 1,000, 1,500, ...., 15,000).

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