Total economic profit is A) total revenue minus total ...

[Marty]

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]

Answer to Question 1

A

Answer to Question 2

C

[Marty]

Correct answers!

[komodo7]

Great! Please up vote