This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must ... (Read 107 times)

karen

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Marginal utility tends to fall as a person increases his or her consumption.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

True


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

A single crossover inserts F at a specific locus, which then determines the order of gene transfer A single crossover inserts F at a specific locus, which then determines the order of gene transfer
First-order sensory neuron with encapsulated nerve endings First-order sensory neuron with encapsulated nerve endings
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
economic question economic question
economic question economic question
economic question economic question
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library