Wanda owns a desktop publishing company. Wanda can purchase a computer for $5,000 or rent it for $600 a year. Wanda buys the computer and pays an implicit rental rate of _____________ a year.
Flora's Flower Shop bought a new van for $16,000. Today, the market price of this van is $7,000. Over the years, Flora's accountant has depreciated the van by $10,000. The economic depreciation of the van is ___________.
The table shows four methods for producing 25 zobs a day. Of the four methods, ____________ technologically inefficient.
A and B are
A and C are
The table shows four methods for producing 25 zobs a day. If the cost of a worker is $10 a day and the cost of capital is $10 a day, the economically efficient method of producing zobs is ___________.
B, C, or D
The table shows four methods for producing 25 zobs a day. If the cost of a worker is $5 a day and the cost of capital is $10 a day, the economically efficient method of producing zobs is _________.
A or C
Greg and Todd form a partnership and start a business in which each has a 50 percent share of the profit. After a year, the firm goes bankrupt and has debts of $20,000. Greg has no money, but Todd has $25,000 in the bank. Todd must pay ___________ of debt.
$0 because in a partnership each partner must pay the same
Martha and Wendy start a cookie shop and the business is organized as a corporation. Because of poor planning the business goes bankrupt and the corporation's debt is $30,000. Martha has no wealth, but Wendy has $50,000 in savings. Martha has to pay _________ of the debt and Wendy has to pay __________ of the debt.
If 5 firms share the sales of the market equally, the four-firm concentration ratio is _______.
The following table gives the market share of sales of firms in the retail clothing market in the economy of Thomas. What is the four-firm concentration ratio?
not enough information to calculate
In an oligopoly with two firms, one firm's share of the market is 70 percent. The Herfindahl-Hirschman Index is ______________.
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