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Author Question: What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market ... (Read 91 times)

asmith134

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on: Jul 1, 2018
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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


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