A monopoly earns the most profit by charging a price where demand ...

[Melani1276]

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

[Mollythedog]

Answer to Question 1

False

Answer to Question 2

True

[Melani1276]

Thanks for the timely response, appreciate it

[tuate]

TYSM