« previous next »

Author Question: Total economic profit is A) total revenue minus total opportunity cost. B) total revenue divided ... (Read 472 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jun 29, 2018
Total economic profit is
 
  A) total revenue minus total opportunity cost.
  B) total revenue divided by total cost.
  C) marginal revenue minus marginal cost.
  D) marginal revenue divided by marginal cost.

Question 2

Who benefits from a tariff on a good?
 
  A) domestic consumers of the good
  B) foreign governments
  C) domestic producers of the good
  D) foreign producers of the good


komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marty

  • Hero Member
  • *****
  • Posts: 553
Reply #2 on: Jun 29, 2018
Correct answers!


komodo7

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Economic and Social Development Economic and Social Development
Forest products and the economic value Forest products and the economic value
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
economic question economic question
economic question economic question
economic question economic question
Video: Vasectomy

For a complete list of videos, visit our video library