A firm is getting normal profit when a. revenue just pays all opportunity costs. b.

Question:

A firm is getting normal profit when

a. revenue just pays all opportunity costs.

b. it has a zero economic profit.

c. revenue just pays the cost of all resources except capital.

d. all of the above are true.

e. only a and b are true.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

Question Posted: