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Marginal productivity theory - calculating thr optimal amount of labor.

The A-1 Corporation supplies airplane manufacturers with performed sheet metal panels that are used on the exterior of aircraft.  Manufacturing these panels requires only five sheet metal-forming machines, which cost $300 each, and workers.  These workers can be hired on an as-needed basis in the labor market at $7,000 each.  Given the simplicity of the manufacturing process, the preformed sheet metal panel market is highly competitive.  Therefore, the market price for one of A-1\'s panels is $50.  Based on the production data in the following table, how many workers should A-1 hire to maximize profits?

Sheet Metal Forming Machines	Workers	Number of Panels Produced
5	0	0
5	1	600
5	2	1,000
5	3	1,290
5	4	1,480
5	5	1,600
5	6	1,680

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