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Economics
Microeconomics
Marginal Cost
What is the marginal cost of producing the 45th unit of output?
• $52
• $156
• $5.40
O $154
1 answer
The marginal cost of producing the 45th unit of output is $154.
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Use the table to answer the question.
Number of Workers Output Total Cost Fixed Cost Variable Cost 1 20 $300 $250 $50 2 35 $352
Use the table to answer the question.
Number of Workers Output Total Cost Fixed Cost Variable Cost 1 20 $300 $250 $50 2 35 $352
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
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
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
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
The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For example, if the
83.
Minimizing Marginal Cost The marginal cost of a product can be thought of as the cost of producing one additional unit of
