Firm output choice and profit

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Problem: Using the data in the following table, show what happens to the firm's output choice and profit if the fixed cost of production increases from $100 to $150 to $180, where q is quantity and C is total cost. Assume that the price of output is $54.

q

MC

C(FC = $100)

C(FC = $150)

C(FC = $180)

0

-

100

150

180

1

50

150

200

230

2

28

178

228

258

3

20

198

248

278

4

14

212

262

292

5

18

230

280

310

6

20

250

300

330

7

22

272

322

352

8

38

310

360

390

9

45

355

405

435

10

55

410

460

490

11

65

475

525

555

If the fixed cost of production is $100, then output will be 9 units and profit will be?

Reference no: EM13859595

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