The capital stock is fixed at 50 units,the price of capital is $30 per unit,and the price of labor is $25 per unit. 
Given the above,how much does the 23rd unit of output add to the firm's total cost?
Definitions:
Wage Increase
An adjustment upward in the wage rate, resulting in employees receiving more compensation for their work.
Status Quo Bias
A cognitive bias that explains individuals' preference for current circumstances to remain unchanged or for decisions to be made that do not alter the current state.
Super-Size
A term often associated with fast food, indicating an option to upgrade a meal to a larger size with more of the product.
Solar Panels
Devices that convert sunlight into electricity, using photovoltaic cells.
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