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Author Question: To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached ... (Read 16 times)

Haya94

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on: Jun 30, 2018
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


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l.stuut

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


Haya94

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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