This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The rate of product transformation (RPT) measures the ability of: a. a consumer to trade one good ... (Read 21 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
The rate of product transformation (RPT) measures the ability of:
 a. a consumer to trade one good for another while still maximizing his or her utility.
  b. a firm to substitute one input for another and still maintain the same production level.
  c. society to substitute the production of one good for another while still using a fixed supply of inputs efficiently.
  d. a firm to produce a final good while starting with only natural resources.

Question 2

The ____ is equal to the sum of the squares of the market shares of all the firms in an industry.
 a. market concentration ratio
  b. Herfindahl-Hirschman index
  c. correlation coefficient
  d. standard deviation of concentration
  e. none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no A second jetliner approaches the south tower of the World Trade Center on September 11, 2001. The no
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Enzymatic rate enhancements Enzymatic rate enhancements
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
To find the derivative use product rule To find the derivative use product rule
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library