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.

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Total Total Marginal Marginal Output Rv Cot Profit Revne Cost (Units) (/unit) (S/ (S/unit)(/unit) 0 0 50 20 30 42 54 70