When residential water users are charged a flat monthly rate for water, the marginal cost of an ...

Author Question: When residential water users are charged a flat monthly rate for water, the marginal cost of an ... (Read 95 times)

Mr. Wonderful

Hero Member
Posts: 866

on: Jul 1, 2018

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

Sr. Member
Posts: 343

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

A

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