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Normal profit is (Multiple Choice Question)

Loraine

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9 years ago

Normal profit is (Multiple Choice Question)

Normal profit is
A) the same thing as economic profit.
B) the return to entrepreneurship.
C) total revenue minus the total opportunity cost of production.
D) the point of profit when total revenue is maximized.
E) part of the firm's total revenue.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Smoooth

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Smoooth

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8 years ago

You're welcome Happy Dummy

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