Number of Workers Output Total Cost Fixed Cost Variable Cost

Question

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

$5.40
15.4 dollars

$154
154 dollars

$52
52 dollars

$156

Answer 1

The marginal cost is the additional cost of producing one more unit of output. To calculate the marginal cost, we need to find the difference in the total cost between producing 44 units and producing 45 units.

Total cost of producing 44 units: $406
Total cost of producing 45 units: $462

Marginal cost = Total cost of producing 45 units - Total cost of producing 44 units
= $462 - $406
= $56

Therefore, the marginal cost of producing the 45th unit of output is $56.