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

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 8P

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