The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, what is the consumer's total utility when he or she maximizes utility?

The long-run Phillips curve assumes that every unemployed worker who is looking for a job has a constant reservation wage

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

Which of the following actions should be discussed with an attorney before undertaking as the action could be considered legal?

A) an agreement with a competitor firm not to bid on a contract B) an agreement with a competitor firm to set prices C) an exclusive dealings contract with a customer D) an agreement with a competitor firm submit a low bid on a contract