Using the table above, find out the marginal cost of the 46th book produced, in dollars.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...
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Production costs of books are presented in the table below.

Labor Quantity Fixed Cost Variable Cost Total Cost Marginal
Cost
Average
Total Cost
0 0 $80 $0 $80    
1 10 $80 $30 $110    
2 26 $80 $60 $140    
3 46 $80 $90 $170    
4 65 $80 $120 $200    
5 78 $80 $150 $230    

Using the table above, find out the marginal cost of the 46th book produced, in dollars.

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