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Dominik [7]
3 years ago
7

Suppose that a small town has seven burger shops whose respective shares of the local hamburger market are (as percentages of al

l hamburgers sold): 27%, 26%, 21%, 12%, 8%, 4%, and 2%. Instructions: Enter your answers as whole numbers. a. What is the four-firm concentration ratio of the hamburger industry in this town? b. What is the Herfindahl index for the hamburger industry in this town?
Business
1 answer:
dem82 [27]3 years ago
3 0

Answer:

86%

2074

Explanation:

The four-firm concentration ratio is the concentration ratio of the four largest firms.

four-firm concentration ratio = 27% + 26%, 21%, + 12% = 86%

The HHI index is found by squaring the concentration ratio of all the firms and adding them together.

729 + 676 + 441 + 144 + 64 + 16 + 4 = 2074

I hope my answer helps you.

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Answer:

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Explanation:

8 0
3 years ago
Describe how each of the following would affect the U.S. production possibilities frontier: (a) an increase in the number of ill
Zepler [3.9K]

Answer:

A. The production possibilities frontier would shift outward. As a result of the increase  in the number of illegal immigrants entering the country, there would be more labour available. As a result, production would increase shifting the PPC outward.

B. The production possibilities frontier would shift inward. A war would lead to the diversion of resources to the war. Also, production facilities might be destroyed as a result of the war. This would lead to an inward shift of the PPC

C. The production possibilities frontier would shift outward. The discovery would increase the resources that can be used in production. This would lead to an outward shift of the PPC

D. The production possibilities frontier would not change.  This is because  production was below the PPC as a result of unemployment. The decrease in unemployment will increase production back to a level on the PPC

E. production would take place at a point inside the production possibility frontier. This law would lead to an under-utilization of resources. This would lead to production taking place at a point inside the PPC

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised

8 0
3 years ago
Item 1Item 1 A company's 2019 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,
Mama L [17]

Answer:

$1,160,000.00

Explanation:

The amount of cash received during the year is the total sales revenue minus the increase in accounts receivable which is the credit sales upon which payment was not received as well as the decrease in unearned sales revenue which is the sales revenue recorded in the year but its  cash was received in the prior year.

Amount of cash received during the year=$1,200,000-$25,000-$15,000=

$ 1,160,000.00  

The decrease in unearned sales revenue would a debit to unearned sales revenue and a credit to sales revenue, hence it has increased sales revenue

7 0
3 years ago
Naomi and Matt received the following amounts from a tenant who is renting their condominium during the current year (rent is $1
Ronch [10]

Answer:

$3000

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If a tenant pays an expense usually paid by the taxpayer in place of rent, that expense is considered as part of rental income to the taxpayer.

The income to be included will be: $ 2200 paid as deposit, Plus $ 800 paid for plumbing repairs.

= $2200+$800

=$3000

6 0
3 years ago
A major casual dining chain decided to install tablet computers at the booths in their restaurants. Customers can now browse the
neonofarm [45]

<u>Answer:</u> They can best be classified as structurally unemployed.

<u>Explanation:</u>

Unemployment which has resulted because of the change in technology that is implemented in a business can be called as the structural unemployment. The skills demanded by the employers differs from the skills offered by the workers.

The casual dining has replaced the employees with tablets which is cost beneficial for the business. The employees who have lost their jobs due to technological change at workplace is called as structural unemployment. Here the casual dining is said to have industrial reorganization for various benefits.

3 0
4 years ago
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