An increase in the price of a resource will cause a movement along the demand curve for that resource

The term Production Function refers to the

A) use of machinery and equipment in production. B) relationship between costs and output. C) relationship between inputs and output. D) role of labor unions.

The Herfindahl-Hirschman index is measured by

A) adding the market shares of all firms in an industry. B) adding the squares of the market shares of all firms in an industry. C) squaring the sum of the market shares of the all firms in an industry. D) adding the market shares of the four largest firms in an industry.