A firm sells a product in a perfectly competitive market, at a price of $50. The firm has a fixed cost of $30. Fill in the following table and indicate the level of output that maximizes profit. How would the profit-maximizing choice of output change if the fixed cost increased from $40 to $60? More generally, explain how the level of fixed cost affects the choice of output.
![57_2a06d429-8db9-4a07-af8a-fd3998a88f75.png](https://secure.tutorsglobe.com/CMSImages/57_2a06d429-8db9-4a07-af8a-fd3998a88f75.png)