Herfindahl index is a number that allows us to determine the concentration of the firms of a certain industry in a certain location. This can be computed by squaring the market shares of each company and summing up all the squared marked shares. This is as shown below.
square of market shares = (10^2) = 100
Since there are 10 companies, we may multiply the calculated value by 10 to give the final answer of, 1,000.
Answer: 1,000
Answer:
D. Reimbursement
Explanation:
A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.
Answer:
TRUE
Explanation:
Marginal Benefit is addition to total benefit due to a business decision.
Marginal Cost is addition to total cost due to a business decision.
Marginal Benefit & Marginal Costs are determinants while considering a business decision. A decision will be taken if : Marginal Benefit ≥ Marginal Cost, as entrepreneurial decision maker would be better off or at least neutral while taking decision. If MB < MC , it is loss making for the entrepreneur to take that decision & hence is discouraged to take that.
