« previous next »

Author Question: Refer to Figure 11-12. Which of the following statements about the input combinations shown in the ... (Read 29 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Jun 29, 2018
Refer to Figure 11-12. Which of the following statements about the input combinations shown in the diagram is false?
 
  A) The firm produces a lower output level when it uses input combination d compared to input combination a.
  B) The firm incurs the same total cost when it uses input combination a or c to produce a given quantity of output.
  C) The firm produces the same output level when it uses input combination a or c.
  D) The firm produces a higher output level when it uses input combination b compared to input combination a.

Question 2

A Herfindahl-Hirschman Index is calculated by
 
  A) summing the amount of sales by the four largest firms and dividing by total industry sales.
  B) summing the squares of the market shares of each firm in the industry.
  C) dividing the number of firms wanting to merge by the total number in the industry.
  D) dividing the advertising expenditures of the firms that want to merge by total industry advertising expenditures.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

A Mediterranean woodland in California shown during the cool moist season, when the herbaceous veget A Mediterranean woodland in California shown during the cool moist season, when the herbaceous veget
The meninges. This figure illustrates the location and structure of each layer of the meninges and t The meninges. This figure illustrates the location and structure of each layer of the meninges and t
figure 18-1 pituitary hormones figure 18-1 pituitary hormones
One of the reasons I went to Cambodia was to interview a feral child—the boy shown here—who ... One of the reasons I went to Cambodia was to interview a feral child—the boy shown here—who ...
The anterolateral system. The pathways from only one side of the body are shown. The anterolateral system. The pathways from only one side of the body are shown.
Cranial nerves and their target regions. (Sensory nerves are shown in blue; motor nerves, in red.) Cranial nerves and their target regions. (Sensory nerves are shown in blue; motor nerves, in red.)
Video: Rods and Cones Animation

For a complete list of videos, visit our video library