Question

A normal profit is:______ a. revenues minus accounting costs only. b. revenues minus accounting and opportunity costs. c. revenues minus opportunity cost only. d. a zero accounting profit.

Name: a normal profit is a revenues minus accounting costs only b revenues minus accounting and opportunity costs c revenues minus opportunity cost only d a zero accounting profit 78191
Uploaded: 2022-06-12T16:21:42-08:00
Duration: 1 min 16 s
Channel: William F
Description: a normal profit is a revenues minus accounting costs only b revenues minus accounting and opportunity costs c revenues minus opportunity cost only d a zero accounting profit 78191

          A normal profit is:______ 
a. revenues minus accounting costs only. 
b. revenues minus accounting and opportunity costs. 
c. revenues minus opportunity cost only. 
d. a zero accounting profit.

Added by Kevin M.

Principles of Economics

Gregory Mankiw 8th Edition

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Solved by Expert William F

06/12/2022

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Step 1: Normal profit is a profit metric that takes into consideration both explicit and implicit costs. Show more…

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A normal profit is:______ a. revenues minus accounting costs only. b. revenues minus accounting and opportunity costs. c. revenues minus opportunity cost only. d. a zero accounting profit.