A monopolist that maximizes total revenue earns maximum economic ...

[dalyningkenk]

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

[ghepp]

Answer to Question 1

False

Answer to Question 2

True

[dalyningkenk]

Thanks for the timely response, appreciate it

[rachel]

Great answer, keep it coming