In order for a monopolist to earn an economic profit in short-run ...

[karen]

In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must be equal to zero.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Marginal utility tends to fall as a person increases his or her consumption.
 a. True
  b. False
  Indicate whether the statement is true or false

[taylorsonier]

Answer to Question 1

False

Answer to Question 2

True

[karen]

TYSM

[sailorcrescent]

Thanks for the timely response, appreciate it