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Author Question: The above table shows the market shares for all the landscaping services in a suburban area. The ... (Read 19 times)

geodog55

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on: Jun 29, 2018
The above table shows the market shares for all the landscaping services in a suburban area. The Herfindahl-Hirschman Index (HHI) equals
 
  A) 65.
  B) 900.
  C) 1400.
  D) 1600.

Question 2

The marginal rate of substitution is equal to the ________.
 
  A) marginal cost of each good
  B) magnitude of the slope of the indifference curve
  C) inverse of the slope of the budget line
  D) relative price of the two goods


hugthug12

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

D

Answer to Question 2

B


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