A monopolist will earn economic profits as long as his price ...

[CharlieWard]

A monopolist will earn economic profits as long as his price exceeds:
 a. marginal revenue.
  b. average fixed cost.
  c. average variable cost.
  d. average total cost.

Question 2

Consumers should continue to rearrange their consumption of two goods until:
 a. the prices of the two goods are equal for the last dollar spent on each good.
  b. marginal utility is the same for each good for the last dollar spent on each good.
  c. the marginal utility per dollar's worth of the two goods is the same for the last dollar spent on each good.
  d. the same amount of each is purchased.

[InfiniteSteez]

Answer to Question 1

d

Answer to Question 2

c

[CharlieWard]

Gracias!

[ryansturges]

YES! Correct, THANKS for helping me on my review