Problem
Assume the total cost of producing widgets was $4200 for 42 units; $4257 for 43 units; $4332 for 44 units; and $4420 for 45 units.
a. What is the marginal cost of producing the 43rd unit? The 45th unit?
b. If the widget producer could sell at $60 per unit however many he could produce, how many would he choose to produce? If he could sell at $80 per unit however many he could produce? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.