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Normal profit is a(n) cost because .

Loraine

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Normal profit is a(n) ________ cost because ________.

Normal profit is a(n) ________ cost because ________.
A) implicit; it represents the cost of not running another firm
B) explicit; a firm must pay income taxes on its profit
C) implicit; it represents the cost of economic depreciation
D) accounting; wages are considered an explicit cost
E) depreciation; the equipment the firm owns wears out over time

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 531 times

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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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Chimelo46

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Chimelo46

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#2

8 years ago

Glad to help you, and good luck with your course.

DC 2.

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4 years ago

thank you!

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