Four industry concentration ratios for corn growers

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Q. According to Friedman's permanent-income hypothesis, if the marginal propensity to consume out of permanent income equals 0.9 also present income equals $55,000 (of which $5,000 is transitory income), then consumption should equal illustrate what?

Q. Guess as to illustrate what might be the four industry concentration ratios for corn growers in the United States (knowing there are about 40,000 just in Iowa)? Also illustrate what might be the carbonated soft drink producer's four industry concentration ratio, an industry which heavily depends upon high fructose corn syrup as a key ingredient?.

Reference no: EM1323020

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