At current levels of capital and labor for a firm, the cost of capital is $15 per hour, the wage paid to employees is $30 per hour, the marginal product of capital is 30 units per hour, and the marginal product of labor is 40 units per hour. Should firm change up its ratio of capital labor?

Policymakers are provided data about the private and social benefits of a good being sold in the market. quantity private mb ($) social mb ($) 6 6 9 7 4 7 8 2 5 9 0 3 what is the size of the externality? if the externality is positive, enter a positive number. if negative, make it a negative number. $ given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. as their economic consultant, which of the two policy tools would you recommend? a subsidy a tax

Money from an allowance or job is known as .

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided