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Author Question: Which government agency publishes four-firm concentration ratios? A) the Economic Council B) the ... (Read 58 times)

mcmcdaniel

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on: Jun 29, 2018
Which government agency publishes four-firm concentration ratios?
 
  A) the Economic Council B) the U.S. Bureau of the Census
  C) the Federal Reserve System D) the Treasury Department

Question 2

Refer to Figure 10-2. Which of the following statements is true?
 
  A) Points a and b may not necessarily be the utility-maximizing quantities of ice cream cones at two different prices because we have no information on the consumer's budget or the price of other goods.
  B) Points a and b are derived independently of the utility-maximizing model.
  C) Points a and b are the utility-maximizing quantities of ice cream cones at two different prices of ice cream.
  D) Point a could be a utility-maximizing choice if the price is 3 but point b may not be because we have no information on the marginal utility per dollar when price changes.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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tofugiraffe

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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