Ana currently works for a law firm and she makes an annual s…

Ana currently works for a law firm and she makes an annual salary of $125,000. She wants to open her own legal practice and expects to earn $200,000 per year. In order to do so, she’ll need to hire a clerk who will cost $35,000/year in salary. She also needs to rent an office, which will cost $50,000/ year. Based on this information, answer the following: Calculate Ana’s accounting profit (show your work!). Calculate Ana’s economic profit or loss (show your worl!)

Market Share by Firm Firm  Market Share GM 19% For…

Market Share by Firm Firm  Market Share GM 19% Ford  17% Toyota 14% Chrysler 11% Honda 10% Nissan  7% Hyundai 5% Kia 4% Subaru 3% Volkswagen 3% Using the table above, calculate:  The four-firm concentration ratio for the U.S. auto market (show your work). Based on your answer on part (a), is this a concentrated market? Justify your answer! Calculate the Herfindal-Hirschman Index for the U.S. auto market (show your work).

Firm Output, Price, Revenue, Costs, and Profit/Loss Q P…

Firm Output, Price, Revenue, Costs, and Profit/Loss Q P TR MR TC MC Profit or Loss 0 $10 $100 5 $10 120 15 $10 140 23 $10 160 27 $10 180 29 $10 200 30 $10 220 The table above shows the short run production for a firm. Complete the table (remember to show your work for at least one row of Q) and answer the following: What is the profit maximizing level of output? Justify your answer. What type of market structure does this firm belongs to? Justify your answer. NOTE: This is a file upload question. Work your answer on an excel file, or write down your solution in a piece of paper, take a picture and upload the file.