Author Question: When residential water users are charged a flat monthly rate for water, the marginal cost of an ... (Read 94 times)

Mr. Wonderful

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When residential water users are charged a flat monthly rate for water, the marginal cost of an extra thousand gallons of water to a household is zero.
 a. True
  b. False

Question 2

If MUx/Px > MUy/Py, the consumer can increase utility by buying less of good y, which means the MUy will rise.
 a. True
  b. False



skipfourms123

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Answer to Question 1

A

Answer to Question 2

A



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