Author Question: To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached ... (Read 42 times)

Haya94 · **on:** Jun 30, 2018

To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached with a given level of income.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A regulated natural monopoly is allowed to set a price which will enable it to earn an above-normal profit.
a. True
b. False
Indicate whether the statement is true or false