$200.Assume that the price of the output remains at $60 per unit.What general conclusion can you reach about the effects of fixed costs on the firm's output choice? The table bebw shows the firm's revenue and cost fiwed cos FCof 100,150and200 In all of the given cases,with fixed cost equal to 100,then 150,and then 200,the firm will produce 10 units of output because this is the point closest to where price equals marginal cost without having niuencetheoptimalqu tity,h arginal cost.Highe fixed costs also result in lower profits Q P TR TC TC TC FC= FC=150FC=150 FC=200 FC=200 100 100 0 60 0 100 -100 150 -150 200 200 1 -90 50 200 -140 250 -190 2 60 120 178 58 28 228 4108 278 -158 GO 180 20 248 298 -118 4 240 212 2 262 312 -72 60 300 2 70 18 20 6 360 250 110 3 350 10 % 420 1 98 3 60 170 3 360 120 410 540 1 1 1 190 5 460 140 510 60 185 525 135 676 3.Use the same information as in Exercise 1$200. Assume that the price of the output remains at $60 per unit. What general conclusion can you reach about the effects of fixed costs on the firm’s output choice? The table below shows the firm’s revenue and cost information for fixed cost, FC of 100, 150, and 200. In all of the given cases, with fixed cost equal to 100, then 150, and then 200, the firm will produce 10 units of output because this is the point closest to where price equals marginal cost without having marginal cost exceed price. Fixed costs do not influence the optimal quantity, because they do not influence marginal cost. Higher fixed costs also result in lower profits. Q P TR TC FC = 100  FC = 100 MC TC FC = 150  FC = 150 TC FC = 200  FC = 200 0 60 0 100 -100 _ 150 -150 200 -200 1 60 60 150 -90 50 200 -140 250 -190 2 60 120 178 -58 28 228 -108 278 -158 3 60 180 198 -18 20 248 -68 298 -118 4 60 240 212 28 14 262 -22 312 -72 5 60 300 230 70 18 280 20 330 -30 6 60 360 250 110 20 300 60 350 10 7 60 420 272 148 22 322 98 372 48 8 60 480 310 170 38 360 120 410 70 9 60 540 355 185 45 405 135 455 85 10 60 600 410 190 55 460 140 510 90 11 60 660 475 185 65 525 135 575 85 3. Use the same information as in Exercise 1