The table shows the total production of hats at a factory given various numbers of employees. What is the marginal product of the fifth worker?
Definitions:
Property Tax
A levy on property that the owner is required to pay based on the value of the property.
Lessee
A person or entity that holds the lease of a property; essentially, a tenant who has the right to use property owned by another according to the terms of a lease agreement.
Privity of Contract
A principle stating that contracts cannot bestow rights or impose obligations on anyone who is not a party to the contract.
Sublets
The act of renting out a leased property by the original tenant to a third party, often subject to the landlord's approval.
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