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sleet_krkn [62]
2 years ago
9

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): 23 percent, 22 percent, 18 percent, 12 percent, 11 percent, 8 percent, and 6 percent. Instructions: Enter your answers as a whole number. a. What is the four-firm concentration ratio of the hamburger industry in this town? percent b. What is the Herfindahl index for the hamburger industry in this town? c. If the top three sellers combine to form a single firm, what would happen to the four-firm concentration ratio and to the Herfindahl index? Four-firm concentration ratio = percent Herfindahl index =
Business
1 answer:
IgorC [24]2 years ago
8 0

Answer:

a= 75%

b= 1702

c= 94% , 4334

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Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
ludmilkaskok [199]

Answer:

Answer (A) - 1 and 2

Answer (B) - 3

Answer (C) - 2

Explanation:

There are three sections to this question.

PART A: Rejecting Redundancies

Among the 4 options given in this section, the redundancies are

1. Adequate enough

2. Combined together

Why? Because there is repetition in the phrases! Adequate is the same thing as Enough and Combined means the same thing as Together.

PART B: Purging Empty Words

For the statement given, the option containing the empty words is

3. "that was unfinished"

Why? Because this is the unnecessary phrase that needs to be eliminated from the sentence, not even for conciseness sake but for the sake of proper grammar and better comprehension by the reader.

PART C: Revising a Passage

For the passage given, the type of revision that could be made to make it more concise is

2. Drop unnecessary fillers

Why? Because the second statement in the passage was an unnecessary filler. It contained information that required story telling about the efforts of "Jump High Schools".

3 0
3 years ago
Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,000 units) $280,000 Cost of goods sold (105,
stiv31 [10]

Answer:

COGS= $89,250

Explanation:

Giving the following information:

First, we need to calculate the unitary cost of goods sold:

Unitary COGS= 105,000 / 35,000= $3

<u>Now, the new number of units sold:</u>

Units sold= 35,000*0.85= 29,750

<u>Finally, the COGS for 2020:</u>

COGS= 29,750*3

COGS= $89,250

3 0
3 years ago
A Nike women's-only store in California offers women's running, training, and sportswear products and also contains an in-store
Klio2033 [76]

Answer:

Opportunity cost = $6900 monthly or $82800 yearly.

Explanation:

Opportunity cost = $6900 monthly or $82800 yearly.

The opportunity cost is the gain forgone for the other alternative, or ultimately a loss to acquire other opportunity.

Here, the opportunity cost is gain of $6900 forgone to operate the fitness studio within the store by Nike.

4 0
3 years ago
A south sea island produces only coconuts. In 2010, the price of a coconut is $1.50 and the quantity produced is 300. In 2012, t
Semenov [28]
1.50*300=$450
0.5*350=$175
(175/450)*100=39%
Real GDP in 2012 is 39%
8 0
3 years ago
Explain how an understanding of consumers' learning processes might affect marketing strategy planning. give an example.
Leokris [45]
Understanding the consumer's learning helps design a marketing strategy by identifying the patterns that can be created by the consumers. A business should learn to gather the common interest that they would want on a product which it can provide. Uniqueness, quality, and usability should be targeted so they can easily attract them. It can also be reinforced through advertisements that would draw them on acquiring the products. 
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3 years ago
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