Answer:
384130.764(I DIDNT ROUND IT)
Step-by-step explanation:
Let the number of bags to be sold be x, then
5.5x ≥ 5225
x ≥ 950
Therefore, it need to sell at least 950 bags to make a profit of no less than $5225.
Answer:
a)the largest Herfindahl index possible = 200
b)the four firm concentration ratio = 8%
Step-by-step explanation:
a) from the question, it follows that the largest share any dealer can have is 2% and the sum of all dealer shares must equal 100% of the market.
We therefore have a maximum number of firms to be 100%/2% = 50.
Since we now know that the maximum number of firms is 50,thus;
At a maximum concentration share of 2% for all firms, the largest Herfindahl index possible = number of firms x percentage squared for each firm = 50 x (2)² = 200
b) In the same logic above, the four firm concentration ratio = 4 x share of the market = 4 x 2% = 8%
What is the number of the base is it 1 or 10?
Answer:
85 ft
Step-by-step explanation:
Using Pythagoras' identity in the right triangle.
The square on the hypotenuse is equal to the sum of the squares on the other 2 sides.
let h be the hypotenuse, then
h² = 40² + 75² = 1600 + 5625 = 7225 ( take the square root of both sides )
h = 
= 85
