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Radda [10]
2 years ago
6

Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. Instructions: Enter your answers as whol

e numbers.
a. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?

b. In that same situation, what would the four-firm concentration ratio be?
Business
1 answer:
Vlada [557]2 years ago
7 0

Answer:

1.  Herfindahl index = 400

2. 40%

Explanation:

1. <em>Remember,</em> the Herfindahl index is an index used to determine the level of market concentration in an industry. Assuming the total car dealer firms are four in number, we can derive the largest value that the Herfindahl index could possibly take for car dealers in the area using the formula:

HHH=S1^{2} + S2^{2}  + S3^{2} + S4^{2} +... Sn^{2}

Thus, the HHH =  10^{2} + 10^{2}+ 10^{2} +10^{2} = 400

2. The four-firm concentration ratio is calculated by summing the individual market share percentage; 10% + 10% + 10% + 10% = 40%

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The number of possibilities that are there for the ordered pair is 2.

<h3>Calculation and Parameters
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Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.

Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.

Making an equation:

ab= 2((a-2)(b-2))

ab= 2ab-4a-4b+8

ab-4a-4b+8=0

If we apply Simon's Favorite Factoring Trick,

ab-4a-4b+16= 8

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8 0
2 years ago
An emphasis is placed on proper income statement item recognition under what approach under US GAAP?
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3 years ago
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4 0
3 years ago
Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $11.00; direct labor, $25.00,
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Answer:

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