Total industry sales are $105 million. the top four firms account for sales of $10 million, $9 million, $8 million and $5 million, respectively. what is the four-firm concentration ratio?

Suppose a perfectly competitive firm and industry are in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?

If there is a political business cycle and the Federal Reserve supports the incumbent, then we should expect that prior to elections Fed woulda. raise interest rates to shift aggregate demand left. b.

Which is the difference between an associate's degree and a bachelor's degree? An associate's degree is usually earned during secondary education, but a bachelor's degree is usually earned during post-secondary education.

Investment X offers to pay you $5,500 per year for 9 years, whereas Investment Y offers to pay you $8,000 per year for 5 years.

The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 1,550 units at $18 each on January 1. Xu purchases 1,800 units at $17 each in February and 850 units at $19 each in March.

A company purchased a delivery van for $15,500 with a salvage value of $2,300 on September 1, Year 1. It has an estimated useful life of 4 years.

Money has a time value because

Differentiate between needs and wants?

On January 1, 2021, a company issues $800,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850.

Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90.