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Author Question: Total economic profit is A) total revenue minus total opportunity cost. B) total revenue divided ... (Read 214 times)

Marty

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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Marty

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Reply #2 on: Jun 29, 2018
Correct answers!


komodo7

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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