Author Question: The return that the entrepreneur can obtain in the best alternative business is called the A) ... (Read 63 times)

pragya sharda · **on:** Jun 29, 2018

The return that the entrepreneur can obtain in the best alternative business is called the

A) normal profit.
B) economic profit.
C) marginal profit.
D) marginal revenue.

Question 2

Tariffs ________ the domestic price of the good and import quotas ________ the domestic price of the good.

A) lower; lower
B) lower; raise
C) raise; lower
D) raise; raise