# Economics - Short run profit maximization

Given the following for perfectly competitive firm that has short-run cost structure
Output Marginal Cost
1 \$10
2 \$5
3 \$12
4 \$23
5 \$40

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?

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1. please show me example of the question above thank you

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