Economics - Short run profit maximization
posted by Raj Sree on .
Given the following for perfectly competitive firm that has short-run cost structure
Output Marginal Cost
Total fixed costs are $20 and the market price of the product is $25 per unit. How much output should the profit-maximizing firm produce (if any) and how much profit or loss will the firm make in the short run?
please show me example of the question above thank you