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
$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
$156
156 dollars
$5.40
15.4 dollars
$52
52 dollars
$154
154 dollars
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$52
To find the marginal cost, you need to look at the increase in total cost when moving from producing 44 units to 45 units. The total cost for producing 44 units is $406 and the total cost for producing 45 units is $462. The increase in total cost is $462 - $406 = $56. Therefore, the marginal cost of producing the 45th unit is $56.