Question

Number of Workers Output Total Cost Fixed Cost Variable Cost
1 20 $300 $250 $50
2 35 $352
$250 $102
3 45 $406 $250 $156
4 50 $462 $250 $212
What is the marginal cost of producing the 45th unit of output?

(1 point)
Responses

$154
154 dollars

$52
52 dollars

$156
156 dollars

$5.40

Answer 1

The marginal cost of producing the 45th unit of output is $156.