Answer :
To determine the marginal cost of producing the 45th unit of output, we need to follow a step-by-step process. Marginal cost is defined as the change in the total variable cost divided by the change in the output level. Here’s how to find it:
1. Identify the variable costs and outputs for relevant workers:
- For the second worker:
- Variable Cost = \[tex]$102 - Output = 35 units - For the third worker: - Variable Cost = \$[/tex]156
- Output = 45 units
2. Calculate the change in variable costs (ΔC):
[tex]\[ \Delta C = \text{Variable Cost for 3 workers} - \text{Variable Cost for 2 workers} \][/tex]
[tex]\[ \Delta C = 156 - 102 = 54 \][/tex]
3. Calculate the change in output (ΔQ):
[tex]\[ \Delta Q = \text{Output for 3 workers} - \text{Output for 2 workers} \][/tex]
[tex]\[ \Delta Q = 45 - 35 = 10 \][/tex]
4. Calculate the marginal cost (MC):
[tex]\[ \text{MC} = \frac{\Delta C}{\Delta Q} \][/tex]
[tex]\[ \text{MC} = \frac{54}{10} = 5.4 \][/tex]
Therefore, the marginal cost of producing the 45th unit of output is [tex]\( \$ 5.40 \)[/tex].
The correct answer is:
[tex]\[ \$ 5.40 \][/tex]
1. Identify the variable costs and outputs for relevant workers:
- For the second worker:
- Variable Cost = \[tex]$102 - Output = 35 units - For the third worker: - Variable Cost = \$[/tex]156
- Output = 45 units
2. Calculate the change in variable costs (ΔC):
[tex]\[ \Delta C = \text{Variable Cost for 3 workers} - \text{Variable Cost for 2 workers} \][/tex]
[tex]\[ \Delta C = 156 - 102 = 54 \][/tex]
3. Calculate the change in output (ΔQ):
[tex]\[ \Delta Q = \text{Output for 3 workers} - \text{Output for 2 workers} \][/tex]
[tex]\[ \Delta Q = 45 - 35 = 10 \][/tex]
4. Calculate the marginal cost (MC):
[tex]\[ \text{MC} = \frac{\Delta C}{\Delta Q} \][/tex]
[tex]\[ \text{MC} = \frac{54}{10} = 5.4 \][/tex]
Therefore, the marginal cost of producing the 45th unit of output is [tex]\( \$ 5.40 \)[/tex].
The correct answer is:
[tex]\[ \$ 5.40 \][/tex]