« previous next »

Author Question: Total economic profit is A) total revenue minus total opportunity cost. B) total revenue divided ... (Read 386 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?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Population predictions for 2000–2050, using three different total fertility rates ( Population predictions for 2000–2050, using three different total fertility rates (
economic question economic question
economic question economic question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: ribosome

For a complete list of videos, visit our video library