Laws that make it illegal for firms to conspire to raise prices or reduce production are known as

Which of the following is false?

a. We can be sure that people with more income get less marginal utility from their consumption of a good than those with less income. b. We can be sure that people with less income get less marginal utility from their consumption of a good than those with more income. c. We can be sure that those who receive greater marginal utility from consumption of a particular unit of an item receive greater total utility from consumption of that item. d. All of the above are false.

According to the graph shown, if this economy were open to free trade, domestic producers would produce how many units?

This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.

A. 60
B. 115
C. 150
D. 90