An industry consists of five firms with annual sales of $130, $50, $40, $10 and $60. What is the industry's HHI?
A. 10,000
B. 5,654
C. 2,937
D. There is not sufficient information to compute the industry HHI.
Answer: C
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One of the interesting findings of a survey of firm managers by Blinder et al. is that:
A) the vast majority of firms pay considerable attention to marginal costs in making decisions about how much output to produce. B) the majority of respondents suggested that fixed costs are a relatively unimportant consideration when making output decisions. C) approximately 75 percent of respondents indicated that their marginal costs of production are rising over the relevant range of output. D) a significant percentage of respondents to the survey did not appear to understand the concept of marginal cost.
Which of the following is an example of an ordering cost for goods held in inventory?
A) the cost of storage B) the costs of securing the inventory C) the opportunity cost of using funds to finance the inventory D) the cost of the paperwork necessary to pay for each order
The opportunity cost of holding money is properly measured by the rate of interest on financial assets such as bonds
a. True b. False Indicate whether the statement is true or false
Rationing
What will be an ideal response?