Refer to the above figure. Assume that only two goods can be produced in the economy. Which of the following statements is TRUE?
A) Points a, b, and c are all obtainable points of production.
B) Points a and b are obtainable points of production.
C) Points b and c are obtainable points of production.
D) Only point b is an obtainable and efficient point of production.
Question 2
Suppose a ten firm industry has total sales of 35 million per year. The largest firm have sales of 10 million, the third largest firm has sales of 4 million, and the fourth largest firm has sales of 2 million.
If fifth through tenth largest firms combined have annual sales of 12 million, the four-firm concentration ratio for this industry is A) 45.7 percent.
B) 80 percent.
C) 65.7 percent.
D) none of the above.
Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
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