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Using the data in the following table, show what happens to the rm's output choice and profit if the xed cost of production increases from
Using the data in the following table, show what happens to the rm's output choice and profit if the xed 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 $56. q MC c (FC = 5100) c (FC = 5150) 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 units (enter your response using an integer) and profit will be $ If the fixed cost of production is $150, then output will be units and profit will be $ If the fixed cost of production is $180, then output will be units and profit will be $ What general conclusions can you reach about the effects of xed costs on the firm's output choice? The firm's output choice A. is unaffected by fixed costs because such costs leave marginal costs unchanged. is affected by fixed costs because such costs decrease price. is affected by fixed costs because such costs increase total costs. is unaffected by fixed costs because such costs leave prots unchanged. ["9997 is unaffected by fixed costs because such costs leave total costs unchanged
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