| Quantity | Average Cost |
|---|---|
| 115 | £45.00 |
| 116 | £44.50 |
| 117 | £44.20 |
| 118 | £44.80 |
| 119 | £45.60 |
A specialist furniture workshop is considering increasing its daily production of bespoke chairs from 117 to 118 units, as shown in the table above. What is the marginal cost of producing the 118th unit?
£0.60
£115.00
£44.80
£5,286.40
