Choose the One Alternative That Best Completes the Statement or Answers

question 59

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
Solve the problem.
-A car rental company has two rental rates. Rate 1 is $72 per day plus $0.18 per mile. Rate 2 is $144 per day plus $0.09 per mile. If you plan to rent for one week, how many miles would you need to
Drive to pay less by taking Rate 2?

• A) More than 5600 miles
• B) More than 39,900 miles
• C) More than 78,400 miles
• D) More than 19,600 miles

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Definitions:

Tying Contract

A requirement imposed by a seller that a buyer purchase another (or other) of its products as a condition for buying a desired product; a practice forbidden by the Clayton Act.

Price-fixing

An illegal agreement among competitors to maintain prices at a certain level, preventing the forces of competition from dictating market prices.

Sherman Act

The federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses.

Federal Energy Regulatory Commission

The Federal Energy Regulatory Commission (FERC) is a U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil.