The four-firm ratio is the concentration ratio between the total sales accumulated by the four largest industrial firms to the total sales of all firms present in an industry. This translates to the mathematical expression of
four-firm ratio = (total sales of four largest firms / total sales)
Since, we are given that all 10 firms have the same sales, we let the sales be equal to x.
total sales of four largest firms = 4x
total sales = 10x
The ratio is then,
four-firm ratio = 4/10
Converting this to percentage will yield us an answer of 40%.
TRUE.
The labor-supply curve is affected by the trade-off between labor and leisure.
The opportunity cost of leisure depends on the wage rate, it increases and people supply more labor. Main factors determining the labor supply curve how desirable the work appears to its employees relative to the alternatives available in the market.
Other factors that encourages are government policies and procedures that are labor and trade effective or not. The quantity of workers trained for a particular job specifications. The number of workers in economy and the education required further.
To learn more about labor supply here,
brainly.com/question/23876084
#SPJ4
Answer:
$24,000
Explanation:
Since in the question it is provided that there is a sale value of the videos to its customers i.e. $24,000 also the collection is of $22,000 and the remaining balance i.e. $2,000 is expected to collect in Jan 2020
Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered
Hence, 24,000 would be reported as a revenue in the income statement
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
This problem is actually under the subject of Mathematics, particularly, Algebra. For work problems, you can use a convenient technique of dimensional analysis. This is done by multiplying units of measurement, then cancelling out like terms in order to come up with the units of the final answer. For this problem, the total amount of liters is 2,100. So, the equation would be
Volume of Kelly's family + Volume of Stewart's family = 2,100
However, we are only given the rates for each family in liters per hour. To come up with the final answer with a unit of measurement in Liters, we must multiple the rate of L/hour with the individual time. Let x be the time Kelly's sprinkler was used, and y for Stewart's family.
(20 L/h)(x hours) + (40 L/h)(y hours) = 2,100
This is the first equation. The second equation is the total time.
x + y = 65 hours
Rearranging the equation, y = 65 - x. Let's substitute this to the first equation.
20x + 40(65-x) = 2,100
Solving for x, then substituting it to the second equation to obtain y,
x = 25 hours
25 + y = 65
y = 40 hours.
Thus, Kelly's sprinkler was used for 25 hours, while Stewart's sprinkler was used for 40 hours.
