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
a $5.40
15.4 dollars
b $154
154 dollars
c $52
52 dollars
d $156
The marginal cost is the additional cost incurred to produce one more unit of output. In this case, to find the marginal cost of producing the 45th unit of output, we must calculate the difference in total cost between producing 45 units and producing 44 units.
The total cost of producing 44 units is $406. The total cost of producing 45 units is $462.
Marginal Cost = Total Cost (45 units) - Total Cost (44 units)
Marginal Cost = $462 - $406
Marginal Cost = $56
Therefore, the marginal cost of producing the 45th unit of output is $56.