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Author Question: When faced with an economic loss, a competitive firm will exit the industry in the long run. a. ... (Read 58 times)

altibaby

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  • Posts: 562
on: Jun 30, 2018
When faced with an economic loss, a competitive firm will exit the industry in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If finding the last stamp to complete your collection makes you happier than finding the first, then:
 a. marginal utility is zero.
  b. marginal utility is negative.
  c. total utility is decreasing.
  d. total utility is constant.
  e. marginal utility is not diminishing.


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Eazy416

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

e


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
Excellent

Chelseyj.hasty

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  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

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