The four-firm concentration ratio equals the percentage of the ...

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The four-firm concentration ratio equals the percentage of the value of ________ accounted for by the four ________ firms in the industry.
 
  A) sales; smallest
  B) profits; smallest
  C) sales; largest
  D) profits; largest

Question 2

The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is 2 per pound, the price of cake is 2 per slice and Homer has 12 to spend on cookies and cake.
 
  Homer will consume ________ of cookies and ________ of cake. A) 1 pound; 5 slices
  B) 2 pounds; 4 slices
  C) 3 pounds; 3 slices
  D) 5 pounds; 2 slices

[adf223]

Answer to Question 1

C

Answer to Question 2

C

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Thanks for the timely response, appreciate it

[duy1981999]

Excellent