The profit-maximizing firm should continue hiring additional labor as long as:
a. MRC < MRP

What is the Coase theorem

What will be an ideal response?

The government of Marina imposes a tax on alcoholic beverages because of the increasing costs of sending first responders to accidents that are caused by drunk driving. This is an example of a _____

a. cap-and-trade tax b. corrective tax c. gift tax d. property tax