Question: Use the table below to answer the following question. Units Total Fixed Cost Total Variable of Output (dollars) Cost (dollars) 1 150 25 2 150

Use the table below to answer the following question.

Units

Total Fixed Cost

Total Variable

of Output

(dollars)

Cost (dollars)

1

150

25

2

150

48

3

150

70

4

150

100

What is the marginal cost (MC) of producing thefourth unit of output?

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