A conspiracy among firms to fix prices was outlawed by the Sherman Antitrust Act

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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What is the real exchange rate?

a. It is the ratio of the domestic cost of a foreign basket of products compared to the cost of the same domestic basket of products. b. It is the exchange rate minus the rate of domestic inflation. c. It is the exchange rate plus the rate of domestic inflation. d. It is the original exchange rate that was in effect when the nations were on a gold standard.

Economics

The table above shows the total utility from the two goods Freddy likes to consume. Suppose that Freddy has already eaten 5 bags of Fritos. If he consumes one more bag, his marginal utility will

A) equal 40. B) equal 35. C) equal 15. D) depend on the price of the extra bag.

Economics