Labor Method (workers) Capital (units) 1 14 5 2 10 7 3 10 8 4 6 9 Which method is technologically inefficient? 3 7 3- Using the table from the previous question, which method is economically efficient if the hourly wage is $20 and the cost of capital is $10? (Make sure you show your calculations) Firm Market Share El Macho Taco Taco Explosion Taco Loco Dia de los tacos Tacorama Taco the Town Spartacos 25% 4% 12% 6% 19% 13% 21% 6- The taco industry in SFSC's district consists of 7 firms. The market shares of each company are listed above. What is the four-firm concentration ratio in the district? 7- Using the table from the above problem, what is the Herfindahl-Hirshman Index (HHI) for this industry? 8- If the HHI is high, does that mean the industry is more competitive or less competitive