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7. Calculate the Herfindahl-Hirschman index (HHI) for each of the following industries. Which industry is the most concentrated? a. An industry with five firms that have the following market shares: 50 percent, 30 percent, 10 percent, 5 percent, and 5 percent. b. An industry with five firms that have the following market shares: 60 percent, 20 percent, 10 percent, 5 percent, and 5 percent. c. An industry with five firms, each of which has a 20 percent market share.
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Examine the history of immigration to the United States from the Cape Verde Islands. How did the immigration to the US impact Manuel?
1. indicate whether each of the following statements is true or false and explain why. do not simply give a corrected
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Suppose a firm's production function is: q=(K 1/2+L 1/2) 2 and that wage rate is w= $8 and the rental rate is r=$4. Find the firm's marginal rate of technical substitution.
Tariffs and quotas can be used to achieve similar ends. In fact, for any given quota, there is an equivalent tariff that will limit imports to exactly the same amount. Still, there are differences between quotas and tariffs.
with the ongoing unemployment the obama administration congress and thefederal reserve continue to struggle for
Examine the graph of marginal benefits and costs of abatement below. Suppose regulators expect these curves to be as shown but are uncertain as to whether or not the marginal costs of abatement curve will be higher or lower than depicted.
1. the greatest portion of the budget of state and local governments is spent ona schools.b entitlements such as
you have worked as a real estate agent for 10 years and are earning about 100000 per year with your current agency. you
Decide if you would support a fixed or flexible exchange rate system. Provide support for your response. In the same role of exporter from the first part of this discussion, decide how an appreciating and depreciating currency would affect your compa..
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