Author Question: A monopolist that maximizes total revenue earns maximum economic profit. a. True b. False ... (Read 63 times)

dalyningkenk · **on:** Jun 30, 2018

A monopolist that maximizes total revenue earns maximum economic profit.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The income effect is the concept that changes in consumption of a good result from changes in purchasing power.
a. True
b. False
Indicate whether the statement is true or false