Assume that the firm shown in the following table produces output using one fixed input and one variable input.

a. Complete this table and use it to find this firm€™s short-run profit-maximizing quantity of output. How much profit will this firm earn?
b. Redo the table and find the profit-maximizing quantity of output, if the price of the firm€™s fixed input rose from $5 to $10. How much profit will this firm earn now?
c. Now redo the original table and find the profit maximizing quantity of output, if the price of the firm€™s variable input rose so that MC increased by $20 at each level of output. How much profit will this firm earn in thiscase?

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Total Marginal Total Marginal Output Price Revenue Revnue Cost Cost Profit 0 $50 0 1 $50 2 $50 3 $50 4 $50 $5 $35 $15 $35 $55 $65