Author Question: What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market ... (Read 84 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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
Answer to Question 1

a

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library