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Author Question: Monopolies may earn economic losses in the long run. a. True b. False Indicate whether the ... (Read 67 times)

haleyc112

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on: Jun 30, 2018
Monopolies may earn economic losses in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume an indifference curve yields a consumer 1,000 utils of total utility. If the consumer's budget increases by 50 percent, then the indifference curve:
 a. shifts rightward.
  b. shifts leftward.
  c. becomes more linear.
  d. is unchanged.


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jharrington11

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

False

Answer to Question 2

d


haleyc112

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  • Posts: 600
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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