Answer:
860
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
8(10²) + 2(5²) + 10(1²) = 800 + 50 + 10 860
Since Gretchen does most of her work at home and seldom go to office, Gretchen have become independent contractors.
<h3>Who is an independent contractor?</h3>
An independent contractor serves as a self-employed person, who is a consultant that provides services to other organization.
Therefore, under Common law principles, independent contractor can be regarded as a status involving method of payment.
Learn more about independent contractor at;
brainly.com/question/25950911
Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.
Answer:
($35 million + $12 million) / $70 million = 0.6714
Explanation:
