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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 ?
write a paper that uses game theory to to set up a game designed to help a consumer decide whether to buy life
Which of the theories of comparative advantage could explain why the United States exports computers to Japan at the same time that in imports computer from Japan? Explain?
There are 20 identical firms that provide car wash services in the town of Dartmouth. Inverse demand for this service is P = 100 – Q. Unit cost is constant and equal to $20. Firms in this industry compete in quantities of cars washed. Suppose the sma..
Assume that skilled wages are twice that of unskilled wages, and that half of the population fits into each category, skilled and unskilled. Graph the Lorenz curve and calculate the gini coefficient.
Sam’s utility function is U(x1, x2) = 2x1 + x2, where x1 is the number of units of good 1 he consumes per week and x2 is the number of units of good 2 he consumes per week. Sam has $200 a week to spend. If he belonged to the club, he could buy good 2..
q.on november 1 2012 james deanne moved from saskatchewan to nova scotia. he traveled 2300 km by car for 4 days in
Suppose that TFP and the population of an economy are constant over time and equal to 1. Assume that everyone works and the labor input just equals the population. Assume that the capital stock in 2014 is 1. What is the amount of saving (and, hence, ..
What are Southwest Airline's Political, Economical, Social, Technical, Legal, and Environmental Issues currently facing the company?
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
Explain why income taxes were raised 200% (from 1.5, 4, and 25 percent to 5, 8, and 63 percent) by the Revenue Act of 1932, and describe the effects.
Sally operates a large manufacturing firm near a federal land preserve known for its waterfowl and fauna. The federal government has long suspected that Sally and her Organization had ties to terrorist organizations and were involved in various crimi..
You have opened a retirement account that will pay 4% interest per year. You plan to deposit 8% of your annual salary into the account for 40 years before you retire. Your first year's salary is $48,000, and you expect your salary to grow 3.5% each y..
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