Author Question: Total economic profit is A) total revenue minus total opportunity cost. B) total revenue divided ... (Read 213 times)

Marty

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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

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Answer to Question 1

A

Answer to Question 2

C



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komodo7

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