Answer:
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600, respectively. a. What is the industry's four firm concentration ratio? b. What is the industry's Herfindahl-Hirschman index? c. Is this industry highly concentrated? Explain.
Explanation:
Answer:
A) This is an example of a fixed cost because the cost doesn't vary with the number of trains.
Explanation:
A fixed cost is a cost that does not vary as the total output varies. In this case, the number of trains using the tracks would be the total output, and the tracks need to bee cleaned regardless of how many trains will use them. Since the costs do not vary depending on the number of trains that will use the tracks, it is considered a fixed cost.
Answer: C. No, because the federal rules permit service under the rules of the state in which service will be effected.
Explanation:
The case was filed in federal court so the rules regarding the service of the summons will be according to the rules of federal courts.
Rule 4 of the Federal Rules of Civil Procedure allows for the service of a summons to be based on the service rules of the state where the service is to be made. As the service was done in State A and State A allows service to be at defendant's place of business, proper procedure was followed and so the court will not dismiss the action.
Answer:
Disclose the contingency and state that an estimate cannot be made.
Explanation:
Taylor Company's attorney informs its client that it is possible, but not probable, that the company will lose a currently litigated lawsuit. No reliable estimate of the potential loss is currently available. Taylor should accrue and/or disclose this potential loss BY DISCLOSING THE CONTINGENCY AND STATE THAT AN ESTIMATE CANNOT BE MADE.
Range of reaction asserts that our genes set the boundaries within which we can operate and our environment interact with our genes
Explanation:
Range of reaction is that the characteristics that are expressed in the individuals are the results of the change in the both genetic characters and the changes that occur in the environment
They are also influenced by other factors like that the things to which they are exposed and the rate at which they occur if the father is a foot ball player the child is also automatically exposed to that environment which alters the phenotype of the child
