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babunello [35]
3 years ago
13

Suppose that there are two industries, A and B. There are five firms in industry A with sales at $5 million, $2 million, $1 mill

ion, $1 million, and $1 million, respectively. There are four firms in industry B with equal sales of $2.5 million for each firm. The four-firm concentration ratio for industry A is:
.9
Business
1 answer:
zhuklara [117]3 years ago
6 0

Answer:

0.9

Explanation:

The formula to compute the four-firm concentration ratio is shown below:

= (Total firm sales of industry A) ÷ (Total firm sales of industry B)

where,

Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million

= $9 million

And, the total firm sales of industry B would be

= $2.5 million × 4 firms

= $10 million

So, the ratio would be

= $9 million ÷ $10 million

= 0.9

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The consumption function shows the relationship between consumption spending and _______. The slope of the consumption function
Stella [2.4K]

Answer:

Consumption Function : Relationship between Consumption Spending & Income

Consumption Function Slope = Marginal Propensity Curve  (MPC)

Change in Consumption = Change in Income X MPC

Explanation:

Consumption Function is the curve representing relationship between Consumption spending and Income.

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b = MPC i.e change in C due to additional change in Y = ΔC / ΔY is the slope of Consumption Function

MPC = ΔC / ΔY .

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6 0
3 years ago
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Answer:

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nexus9112 [7]

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3 years ago
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A correlation coefficient shows that alcohol consumption and driving accidents are indeed related. as a result, a researcher cou
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