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
Akimi4 [234]
3 years ago
11

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 HHI for industry A is:
Business
1 answer:
Sonja [21]3 years ago
4 0

Answer:

3200

Explanation:

The HHI is calculated by squaring the market share of each firm in the industry.

Market share = sales of a firm / total sales of firms in the industry

total sales of firms in the industry = 5 + 2 + 1 + 1 + 1 = 10

Market share of firm A = (5/10) x 100 = 50%

Market share of firm B = (2/10) x 100 = 20%

Market share of firm C, D, E = (1/10) x 100 = 10%

50² + 20² + 10² + 10²  + 10² = 3200

You might be interested in
John is an electrician who runs his own small shop. When tax season comes, he hires an accountant from one of "the Big Four" acc
Alex Ar [27]

Answer:

When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a <u>Tax</u> Accountant

Explanation:

A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.

They can work as a direct employee or as an independent contractor who runs their own business.

They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.

If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.

8 0
3 years ago
Read 2 more answers
Total costs for Locke​ &amp; Company at 140 comma 000 units are $ 289 comma 000​, while total fixed costs are $ 195 comma 000. T
Kobotan [32]

Answer: Total variable costs at a level of 260,000 units would be $1,74,460.

Explanation:

Total cost at 140,000 units = $249,000 and

Fixed cost = $195,000

Number of units = 140,000

∴ Total variable cost at 140,000 = Total cost - Total fixed cost

                                                      = 249000 - 195000

                                                       = $94000

Variable cost per unit = \frac{Total\ variable\ cost}{Number\ of\ units}

= \frac{94000}{140000}

= $0.671 per unit

Hence,

Total variable costs at a level of 260,000 units would be = Variable cost per unit × Number of units

= 0.671 × 260,000

= $1,74,460

5 0
3 years ago
Smart manufacturing is achieved by instituting employee surveillance and monitoring.
Dima020 [189]

For a manufacturing process to be smart instituting employee surveillance and monitoring is very important.

<h3>What is Smart Manufacturing?</h3>

Smart Manufacturing also called CAD/CAM, computer aided design and computer aided manufacturing involves the integration of computer in the production of goods and services.

In recent times the concept of internet of things is being added to smart manufacturing for data collection

Learn more about Smart Manufacturing here:

brainly.com/question/16401309

#SPJ1

6 0
2 years ago
In the case of an external cost, marginal private cost?
skad [1K]

Private costs and external costs are separated by economists. Private expenses are those incurred by the company manufacturing the item. Someone not connected to the transaction is responsible for external expenses. The contrast between private and external advantages is the same.

<h3>What do you mean by private costs?</h3>

Any expense that an individual or business incurs to purchase or create products and services is referred to as a private cost.

This covers the price of labor, supplies, equipment, and everything else that an individual or business pays for.

Any adverse impacts or injury brought on as a result of the production are not included in the private cost.

Driving a car has several personal expenditures, including gasoline and oil, maintenance, depreciation, and even the amount of time the driver spends behind the wheel.

Private expenses must be considered when making decisions about production and consumption since they are paid for by the company or the customer.

To learn more about  private cost, refer to the following link:

brainly.com/question/24188698

#SPJ4

6 0
2 years ago
____________ transforms resource inputs from the environment into product outputs.
Shtirlitz [24]

Answer:

Open system

Explanation:

7 0
3 years ago
Other questions:
  • Crane Company has the following production data for March: no beginning work in process, units started and completed 25,000, and
    14·1 answer
  • Which of the following provisions is NOT contained in the Uruguay Round? Multiple Choice Agricultural subsidies were to be subst
    12·1 answer
  • Two individuals start the same training program at the same time, but one is able to grow muscle faster and larger than the othe
    11·2 answers
  • Bank employees use a system known as the "maker-checker" system. An employee will record an entry in the appropriate journal, an
    5·1 answer
  • What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe? A) transp
    12·1 answer
  • Charged if the account balance goes over the credit limit is called
    7·1 answer
  • Within the marketing concept, a service orientation is an integrated organizational effort that revolves around.
    10·1 answer
  • Choosing the higher education institution with the cheapest sticker price
    12·1 answer
  • The journal entry to close the fees earned, $115, and rent revenue, $20, accounts during the year-end closing process would invo
    12·1 answer
  • What can cause the market supply curve for wireless ear buds to shift leftward (a decrease in supply)?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!