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.)

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
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Please give me correct answer with proper calculation Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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.)
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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