Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.Table 19.3 Michael's Utility ScheduleUnits of ColaTU of ColaMU of ColaUnits of PretzelsTU of PretzelsMU of Pretzels14040130302 322 2039624366164112 478 5124 584 In Table 19.3, what is the total utility of two units of cola?

If there is a recession in the United Kingdom and a reduction in British imports, and an economic boom in the United States and an increase in U.S. imports, then these events are most likely to cause the British pound to:

A. Appreciate and the U.S. dollar to appreciate B. Depreciate and the U.S. dollar to depreciate C. Appreciate and the U.S. dollar to depreciate D. Depreciate and the U.S. dollar to appreciate

The concentration ratio is defined as the:

A. percentage of total industry output produced by the top firms. B. squared value of the market shares of all the firms in an industry. C. percentage of industry output produced by a specific firm. D. squared value of the market shares of the largest four firms in the industry.