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Author Question: How does a tariff affect the domestic price of the import, the domestic consumption, the domestic ... (Read 301 times)

Capo

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How does a tariff affect the domestic price of the import, the domestic consumption, the domestic production, and the quantity imported?
 
  What will be an ideal response?

Question 2

If the price exceeds the average variable cost, by producing the level of output such that marginal revenue equals marginal cost, the firm ensures that it will
 
  A) earn an economic profit.
  B) not suffer any losses.
  C) earn the largest profit possible.
  D) survive in the long run.


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IRincones

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Capo

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


CAPTAINAMERICA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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