Scenario 14-4 The information below applies to a competitive firm that sells its output for $40 per unit. When the firm produces and sells 150 units of output, its average total cost is $24.50. When the firm produces and sells 151 units of output, its average total cost is $24.55. Refer to Scenario 14-4. When the firm increases its output from 150 units to 151 units, its marginal cost is

Group of answer choices

$34.25.

$33.00.

$32.05.

$29.95.