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Nata [24]
3 years ago
10

The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 10, 8, 7, 7, 6, 6, 6, 6, and

6. The Herfindahl index is __________ and the four-firm concentration ratio is __________. Group of answer choices 932; 48 percent 1,032; 27 percent 1,000; 48 percent 950; 24 percent none of the above
Business
1 answer:
Veronika [31]3 years ago
7 0

Answer:

932; 48 percent

Explanation:

The computation of the Herfindahl index  is shown below:

= (15)² + (12)² + (11)² + (10)² + (8)² + (7)² + (7)² + (6)² + (6)² + (6)² + (6)² + (6)²

= 225 + 144 + 121 + 100 + 64 + 49 + 49 + 36 + 36 + 36 + 36 + 36

= 932

And, the  four-firm concentration ratio is

= 0.15 + 0.12 + 0.11 + 0.10

= 0.48

Simply we applied the above computation

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Indicate whether a change in the value of each of the following determinants of demand leads to a movement along the demand curv
Marizza181 [45]

Answer:

movement along the demand curve: i

shift in the demand curve: ii, iii, iv, vi

no effect: v

Explanation:

A change in the price of the product causes quantity demanded to change. It will be indicated by a movement on the same demand curve.  

A change in other factors will cause the demand for the product to change. It is indicated by a shift in the demand curve.  

i. Change in the market price: movement along the demand curve

ii. Change in income: shift in the demand curve

iii. Change in consumer expectations: shift in the demand curve

iv. Change in the price of a related good: shift in the demand curve

v. Change in the price of an unrelated good: no effect

vi. Change in preferences for this good: a shift in the demand curve

3 0
3 years ago
Segments of business's macroenvironment include all of the following except a. the economic environment. b. the social environme
fgiga [73]

Answer:

d. the natural environment.

Explanation:

There are two business environment

The first one is microenvironment and the other one is the macro environment

The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc

While the macro environment refers to that environment that affects the business functions or its workings

It can be in various ways like

1. Political & legal  

3. Social

4. Technological

5. Demographic

6. Economical

6 0
3 years ago
Kari is on a trip to italy. she has made a list of cities she would like to tour while she is there, as well as how much she exp
stealth61 [152]

Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.

<h3>Which city should Kari see?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.

  • The first step is to convert the amount budgeted to Euros: 585 x 0.6859 =  401.25
  • Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74
  • Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77
  • Total cost of the sightseeing =  £48.74 + £77.77 + £68.77+ £95.41 + £49.69  + £60.85 = £401.25

To learn more about exchange rate, please check: brainly.com/question/13717814

#SPJ4

4 0
2 years ago
The break even income would be level
Anton [14]
The answer would be 2 (C). As break-even the point at which cost and income are equal and there is neither profit nor loss also : a financial result reflecting neither profit nor loss. break-even.




I hope it helped you!
5 0
3 years ago
Explain five steps in product design for a business
Fittoniya [83]

Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

5 0
3 years ago
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