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Author Question: A monopoly earns the most profit by charging a price where demand is inelastic. a. True b. False ... (Read 53 times)

Melani1276

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on: Jun 30, 2018
A monopoly earns the most profit by charging a price where demand is inelastic.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A utility-maximizing consumer equalizes marginal utilities per dollar spent across all goods.
 a. True
  b. False
  Indicate whether the statement is true or false


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Mollythedog

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

False

Answer to Question 2

True


Melani1276

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  • Posts: 516
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

daiying98

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  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

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