Question 11Refer to Figure 1 in Question 11.The car-repair shop charges $150 per repair. What is the value of the marginal product of the third mechanic? (Enter your answer without a dollar sign) Figure 1 below shows the relationship between the number of mechanics hired and the number of car repairs performed per day at a car-repair shop.Number ofCars Repaired5Number ofMechanics18171512801234

Number of Machines (A) Number of Cars Repaired (B) 0 0 1 8 2 12 3 15 4 17 5 18

Answered: fer to Figure 1 in Question 11. The…

fer to Figure 1 in Question 11. The car-repair shop charges $150 per repair. What is the value of the marginal product of the third mechanic? (Enter your answer without a dollar sign)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.5: Production And Costs In The Long Run

Problem 1ST

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Question

Question 11

Refer to Figure 1 in Question 11.

The car-repair shop charges $150 per repair. What is the value of the marginal product of the third mechanic? (Enter your answer without a dollar sign)

Figure 1 below shows the relationship between the number of mechanics hired and the number of car repairs performed per day at a car-repair shop.
Number of
Cars Repaired
5
Number of
Mechanics
18
17
15
12
8
0
1
2
3
4

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