1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nexus9112 [7]
4 years ago
9

Suppose the pizza market is divided as follows:Firm Market Share Pizza Hut 207% Domino's 17.0Little Caesars 6.7Pizza Inn/Pantera

's 3.6 Round Table 2.0All others(50 firms) 1.0% per firmA. What is the approximate Herfindahl index? Instructions: Round your answer to two decimal places. B. Based on this Herfindahl index calculation, how would you describe its market structure? C. What is the four-firm concentration ratio?
Business
1 answer:
ZanzabumX [31]4 years ago
4 0

Answer:

829.34

The market structure is not concentrated

0.48

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry and then adding the squares together.

20.7² + 17² + 6.7² + 3.6²+ 2² + 50(1²) = 428.49 + 289 + 44.89 + 12.96 + 4 + 50 = 829.34

The market structure is not concentrated because the HHI is less than 100

The four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry.  

0.207 + 0.17 + 0.067 + 0.036 = 0.48 or 48%

You might be interested in
The Thomlin Company forecasts that total overhead for the current year will be $11,270,000 with 161,000 total machine hours. Yea
sergey [27]

Answer:

<u><em>underapplied for 2.037.000‬</em></u>

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we divide the expected overhead by the expected machine hours:

11,270,000 / 161,000 = $70

applied overhead = actual machine hours x rate

85,000 MH x $70 = 5,950,000

actual overhead       7,987,000

As we applied less than actual cost we underapplied the overhead.

7,987,000 - 5,950,000 = 2.037.000‬

5 0
4 years ago
opulation 500 Population over age 16 400 Persons employed full-or part-time 200 Persons unemployed and actively seeking work 20
Reika [66]

Answer:

The number of people employed = 200

The number of people unemployed = 20

The number of people in the labor force = 220

Explanation:

a) Data and Calculations:

Population = 500

Population over age 16 = 400

Persons employed full-or part-time 200

Persons unemployed and actively seeking work 20

Persons who have quit seeking work due to lack of success 10

Part-time workers seeking full-time jobs 30

The number of people employed = 200 (full-or part-time)

The number of people unemployed = 200 (400 - 200)

The number of people in the labor force = employed and unemployed seeking work (200 + 20) = 220

b) A country's labor force is made up of employed persons (full-time or part-time) and persons actively looking for work.  Some of the population who are not actively seeking employment may be kept of the labor force because of education or family responsibilities.  These persons may return to the labor market later.

3 0
3 years ago
Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1,200 at poker. Also this year
timurjin [86]

Answer:

$1,450

Explanation:

Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1,200 at poker.

Also this year, Rhett made several trips to the racetrack, but he lost $700 on his various wagers.

The amount must Rhett include in his gross income includes that on this trip Rhett won $250 at the slots and $1,200 at poker which is $1,450

The internal Revenue Service requires that <u>''You must report all gambling winnings as "Other Income".</u> When you have gambling winnings, you may be required to pay an estimated tax on that additional income.

6 0
4 years ago
What service does the acfe provide to allow individuals to anonymously report allegations of ethical violations, fraud, waste, a
Inessa05 [86]
Dvfjkdfheiufhuiehfuiwaa
4 0
3 years ago
Holton is the manager at a small restaurant. What can he do to ensure the workplace offers a safe environment for employees
blsea [12.9K]
Facilities managers have a plethora of responsibilities on the job, which includes providing a safe work environment for all employees. No one should have to go into work and be met with safety hazards or violent employees. Unfortunately, such scenarios can and do occur, and are more likely to arise in the absence of a plan to both prevent and deal with workplace hazards and violence.
While it may be nearly impossible to prevent every single act of violence or safety hazard in the workplace, there are plenty of steps that FMs can take to help keep the work environment as safe and secure as possible for everyone involved.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Q 8.6: what happens if the amount of uncollectible account expense is overstated at year end?
    10·1 answer
  • A bond issue with a face amount of $496,000 bears interest at the rate of 10%. The current market rate of interest is also 11%.
    12·1 answer
  • The quantity theory of money is based upon the equation of exchange and assumes that V and Q are both ________ over time..
    10·1 answer
  • In a manufacturing company, the cost of factory labor consists of all of the following except __________.a. net earnings of fact
    8·1 answer
  • A decision that involves potential further processing of joint products is which kind of decision? relevant make-or-buy sell-or-
    6·1 answer
  • (Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are
    14·1 answer
  • The government in Chile recently informed Clint Travis' company that his retail grocery chain in Chile would have to be graduall
    8·1 answer
  • ASAP PLZ
    11·1 answer
  • You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain af
    7·1 answer
  • Year
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!