Suppose the production function is given by Q = 4K + 6L. What is the average product of capital when 10 units of capital and 5 units of labor are employed?

If the government saved during an economic boom by increasing taxes or decreasing spending, this would be:

A. contractionary fiscal policy. B. expansionary monetary policy. C. expansionary fiscal policy. D. contractionary monetary policy.

Explain the relationships between the marginal product of labor and the demand for labor, and the marginal product of capital and the demand for capital

What will be an ideal response?