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Consider data on U.S. Refrigerator sales from 2009. The market shares of the top 4 firms was 12% for Sears, 9% for Lowes, 5% for Walmart, and 3.5% for Home Depot. Firms 5 through 25 combined summed to 20.5%m and all other independents outside the top 25 selling firms comprised the other 50% of industry sales. a. What is the 4-firm concentration ratio for this industry?
What happens to assumptions over time and what makes the best budget assumptions and what happens to invalid assumptions?
An Onyx Corporation design also manufactures a broad range of fluid handling also industrial products.
Assume that demand for good X is a function of its price (PX), the price of good Y (PY), and Income (M) as follows: QX = {(M + PY)/(2PX)} - 1 Given the following values for these variables: PX = 2; PY = 5; M = 51 (a) Calculate the (own) price elastic..
How would a Keynesian, Monetarist, and Neoclassical Theorist would each propose promoting economic growth to our economy based on it's current state? Discuss the cause and effect variables that each theory uses to explain business cycles.
The substitution effect of a higher real interest rate on current consumption refers to a/an {INCREASE, DECREASE} in current consumption that takes place as a result of current consumption becoming more expensive than future consumption.
Use economic analysis to explain why the optimal amount of product safety may be less than the amount that would totally eliminate risks of accidents and deaths. Use automobiles as an example.
What impact does insurance (or having more beneficial insurance) have on a Cost effectiveness Frontier? On a Cost Effectiveness Frontier graph, Treatment M is above Treatment N so connecting treatment M to treatment N is a downward-sloping line. What..
Extended Warranty. Ted is renting a house, and it does not have a refrigerator. A refrigerator is worth $2.75 every day because Ted will eat out less. Ted has a discount rate of 17%. Refrigerators usually last 6 years. ow much is Ted willing to spend..
Assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitati..
U.S. Higher alcohol taxes, more traffic deaths. Why might re be more traffic deaths in states that have higher alcohol taxes.
Why is the judiciary regarded as the “least dangerous” branch of government? Citing examples of its powers and its place in history, do you agree or disagree with this assessment? Should nine unelected justices have the authority to nullify state an..
Explain the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
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