« previous next »

Author Question: What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market ... (Read 90 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market share?
 a. .16.
  b. .24.
  c. .20.
  d. .12.

Question 2

If the marginal product of labor is 100 and the price of labor is 10, while the marginal product of capital is 200 and the price of capital is 30, then what should the firm?
 a. The firm should use relatively more capital
  b. The firm should use relatively more labor
  c. The firm should not make any changes  they are currently efficient
  d. Using the Equimarginal Criterion, we can't determine the firm's efficiency level
  e. Both c and d


tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Nanomaterials Applications and Industry Used Nanomaterials Applications and Industry Used
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
The flammable range consists of the concentration of fuel that will burn in atmospheric oxygen—the ... The flammable range consists of the concentration of fuel that will burn in atmospheric oxygen—the ...
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library