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Author Question: In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must ... (Read 123 times)

karen

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on: Jun 30, 2018
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


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taylorsonier

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

False

Answer to Question 2

True


karen

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

skipfourms123

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  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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