The concept that explains firms possessing different bundles of ...

[yoooooman]

The concept that explains firms possessing different bundles of resources is
 a. Resource heterogeneity
  b. Resource immobility
  c. Barriers to entry
  d. imitability

Question 2

The primary purpose of the Cobb-Douglas power function is to:
 a. allow one to make estimates of cost-output relationships
  b. allow one to make predictions about a resulting increase in output for a given increase in the inputs
  c. aid one in gaining accurate empirical values for economic variables
  d. calculate a short-run linear total cost function
  e. a and b

[nyrave]

Answer to Question 1

a

Answer to Question 2

b

[yoooooman]

Thanks for the timely response, appreciate it

[parshano]

Great answer, keep it coming