Which of the following firms is likely to have the greatest market power?

If the U.S. real exchange rate is greater than 1, then there is the possibility of arbitraging by buying foreign goods to sell in the U.S

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

A consumer with a fixed income will maximize utility when each good is purchased in amounts such that the:

A. Total utility is the same for each good B. Marginal utility of each good is maximized C. Marginal utility per dollar spent is the same for all goods D. Marginal utility per dollar spent is maximized for each good