Author Question: A monopolist always earns an economic profit. a. True b. False Indicate whether the statement is ... (Read 69 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
A monopolist always earns an economic profit.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Consumer equilibrium requires that the marginal utility per dollar spent be unequal for all goods.
 a. True
  b. False
  Indicate whether the statement is true or false



Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

False

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library