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 number of labor hours. Assume that the compan cannot hire labor for a fraction of an hour. Hours of Labor Output 0 0 1 50 2 90 3 120 4 140 5 150 6 155 7 157 The marginal product of labor for the fourth hour of labor is 50. (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 $1.50. The following table shows the number of brackets that can be produced from a given number of labor hours. Assume that the compan cannot hire labor for a fraction of an hour. Hours of Labor Output 0 0 1 50 2 90 3 120 4 140 5 150 6 155 7 157 The marginal product of labor for the fourth hour of labor is 50. (Enter your response as an integer.)
Chapter1: Making Economics Decisions
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
Transcribed Image Text: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 number of labor hours. Assume that the company
cannot hire labor for a fraction of an hour.
Hours of Labor
0
Output
0
1
50
2
90
3
120
4
140
5
150
6
155
7
157
The marginal product of labor for the fourth hour of labor is 50. (Enter your response as an integer.)
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