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Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of all hamburgers sold): 26%, 25%, 20%, 12%, 9%, 5%, and 3%. What is the four-firm concentration ratio of the hamburger industry in this town? % What is the Herfindahl index for the hamburger industry in this town? If the top three sellers combined to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? The four-firm concentration ratio would be %. The Herfindahl index would be ?
Imagine you have $20000 and you are willing to invest. A safe investment that promises to pay 5% profit after 1 year. A risky investment that has a 20% chance you might loose half of your money. How much do you expect to get paid for a year in the s..
Analyze the accounting equation as a concept that underpins the work of professional accountants and how an understanding of the equation can impact business decision making.
How might the United States have been different if the Whigs had driven government policy in the early 1840s? What might have happened to American/Mexican relations?
q1. a third country fun land also produces food and drinks. in fun land one resource unit produces 8 tons of food and 6
q1. jerry drives up to a gas station. before looking at the price he places an order and says id like 10 of gas. what
GM announced that it will close its Oshawa truck plant in 2009 and a Windsor transmission plant in 2010. Ford also plans a 10 percent cut in white-collar, salaried positions. In total, over 4000 direct jobs will be lost. If the unemployment rate and ..
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:
Per the Kyoto Protocol, European countries have targeted a reduction of CO2 emissions. There are two main types of coal-fire plants in the EU: one type is designed to be able to be retrofitted with abatement equipment at a lower cost than the other t..
Common perceptions of slavery, especially in the United States, associate it with Africans. Was this the case prior to 1500? What was the racial component of slavery during this period? Examine the reasons for the differences in Portuguese involvemen..
Empirical estimates of the price elasticity of demand suggest that the demand for household consumption of alcoholic beverages is
A market for baby bottles has the following supply and demand functions qS = 6 + 3p qD = 14 2p. What are the equilibrium price and quantity in this market? Calculate the Consumer Surplus, Producer Surplus, and Total Welfare levels. 2
Please complete a research project and presentation of a commodity, its global implications and all other relevant information. Collect information and data on all relevant aspects of the commodity. That information should include but not be limited ..
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