Refer to the above figure. Assume that only two goods can be produced in the economy. Which of the following statements is TRUE?
A) Points a, b, and c are all obtainable points of production.
B) Points a and b are obtainable points of production.
C) Points b and c are obtainable points of production.
D) Only point b is an obtainable and efficient point of production.
Question 2
Suppose a ten firm industry has total sales of 35 million per year. The largest firm have sales of 10 million, the third largest firm has sales of 4 million, and the fourth largest firm has sales of 2 million.
If fifth through tenth largest firms combined have annual sales of 12 million, the four-firm concentration ratio for this industry is A) 45.7 percent.
B) 80 percent.
C) 65.7 percent.
D) none of the above.
The meninges. This figure illustrates the location and structure of each layer of the meninges and t
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Figure and Ground
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