« previous next »

Author Question: What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market ... (Read 81 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
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

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
What is the concentration of HNO3 in the final solution when 70.0 mL of a 6.00 M HNO3 solution ... What is the concentration of HNO3 in the final solution when 70.0 mL of a 6.00 M HNO3 solution ...
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library