A monopolist charges a price that is ________ and produces ________ than a perfect competitor

Which of the following is TRUE?

a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are not given any discretion in their decision making c. Profit centers usually require the highest degree of attention of corporate executives d. A manager being rewarded on division revenues has no incentive to make good decisions for his division

It is consistent with utility maximization for Juan to buy a $2 strawberry and papaya smoothie, for which he gets 20 units of marginal utility, instead of a $1.50 pizza slice for which he gets 10 units of marginal utility

Indicate whether the statement is true or false