Normal profit is best described as: A. zero economic profit. B. total revenue minus all explicit costs.

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Normal profit is best described as:

A. zero economic profit.

B. total revenue minus all explicit costs.

C. the sum of accounting profit plus economic profit.

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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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Question Posted: Mar 09, 2024 11:02 AM

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Normal profit is best described as: A. zero economic profit. B. total revenue minus all explicit costs.

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Economics For Investment Decision Makers

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