[Answered] In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must ...

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Author Question: In order for a monopolist to earn an economic profit in short-run equilibrium, marginal revenue must ... (Read 124 times)

karen

Hero Member
Posts: 537

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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Marked as best answer by a Subject Expert

taylorsonier

Sr. Member
Posts: 377

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

Gracias!

diana chang

Member
Posts: 288

Reply 3 on: Yesterday

Great answer, keep it coming

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