The table below contains information about the production and costs of a firm.

The price faced by the firm in a perfectly competitive market is $55 per unit. The marginal cost of producing the 3rd unit of output is?

ect one:

a.

$15

b.

$56

c.

$30

d.

$60

e.

$25

f.

$28

g.

$55

h.

$35

i.

$26

Total Total Marginal Average Average Average Output Fixed Variable Variable Fixed Total Costs Costs Costs Costs Costs Costs 0 15.00 1 15.00 30.00 30.00 2 15.00 42.50 50.00 3 40.00 4 36.30 32.00 6 31.00 7 30.60 8 15.00 270.00 9 15.00 330.00 1.67 38.33