To maximize satisfaction, the consumer must reach the lowest ...

[Haya94]

To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached with a given level of income.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A regulated natural monopoly is allowed to set a price which will enable it to earn an above-normal profit.
 a. True
  b. False
  Indicate whether the statement is true or false

[l.stuut]

Answer to Question 1

False

Answer to Question 2

False

[Haya94]

TYSM

[patma1981]

Thanks for the timely response, appreciate it