If marginal revenue equals marginal cost in the short run, the ...

[Medesa]

If marginal revenue equals marginal cost in the short run, the perfectly competitive firm earns zero profits.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Generally speaking, as more of a particular good is purchased, a consumer's marginal utility ____ and total utility ____.
 a. increases; decreases
  b. decreases; increases
  c. increases; increases
  d. decreases; decreases
  e. generalizations cannot be made

[stano32]

Answer to Question 1

False

Answer to Question 2

b