Author Question: The above table shows the market shares for all the landscaping services in a suburban area. The ... (Read 16 times)

geodog55

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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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Answer to Question 1

D

Answer to Question 2

B



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