Suppose Die Cast Aluminum Co. is a subcontractor for the auto industry and makes specialized auto parts. There is a bracket it manufactures that it sells for $1. The following table shows the number of brackets that can be produced from a given number of labor hours. Assume that the company cannot hire labor for a fre of an hour. Hours of Labor Output 50 90 120 140 150 155 157 3. 4 The marginal product of labor for the third hour of labor is 30. (Enter your response as an integer.) The value of the marginal product of labor for the third hour of labor is 45. (Round your response to two decimal places.) if the wage paid to workers in Die Casts plant is $25/hour, it should employ 4 worker(s). (Enter your response as an intoger.) If the wage paid to workers in Die Cast's plant is $35/hour, it should employ 3 worker(s). (Enter your response as an integer) If the wage is $25/hour, but the price of a bracket declines to $1.00, it should employ worker(s). (Enter your response as an integer.)

Suppose Die Cast Aluminum Co. is a subcontractor for the auto industry and makes specialized auto parts. There is a bracket it manufactures that it sells for $1. The following table shows the number of brackets that can be produced from a given number of labor hours. Assume that the company cannot hire labor for a fre of an hour. Hours of Labor Output 50 90 120 140 150 155 157 3. 4 The marginal product of labor for the third hour of labor is 30. (Enter your response as an integer.) The value of the marginal product of labor for the third hour of labor is 45. (Round your response to two decimal places.) if the wage paid to workers in Die Casts plant is $25/hour, it should employ 4 worker(s). (Enter your response as an intoger.) If the wage paid to workers in Die Cast's plant is $35/hour, it should employ 3 worker(s). (Enter your response as an integer) If the wage is $25/hour, but the price of a bracket declines to $1.00, it should employ worker(s). (Enter your response as an integer.)

Name: Suppose Die Cast Aluminum Co. is a subcontractor for the auto industr
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Description: Suppose Die Cast Aluminum Co. is a subcontractor for the auto industry and makes specialized auto parts. There is a bracket it manufactures that it sells for $1.50.The following table shows the number of brackets that can be produced from a given nu

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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