This topic contains a solution. Click here to go to the answer

Author Question: In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower ... (Read 45 times)

student77

  • Hero Member
  • *****
  • Posts: 567
In a natural monopoly, the long-run average cost curve declines and therefore average cost is lower when there is only one seller.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility implies that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant.
 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

Bison

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

True

Answer to Question 2

True




student77

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

For a complete list of videos, visit our video library