Author Question: A natural monopoly exists whenever economies of scale are very extensive. a. True b. False ... (Read 63 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
A natural monopoly exists whenever economies of scale are very extensive.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of diminishing marginal utility states that marginal utility must diminish after the first unit of consumption of every good or service.
 a. True
  b. False
  Indicate whether the statement is true or false



emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

True

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library