Normal profit is the return to the entrepreneur when economic profits are zero. determined by subtracting implicit costs from total revenue. determined by subtracting explicit costs from total revenue. the average profitability of an industry over the preceding 10 years.

Question

25-06-2022
Business

contestada

Normal profit is the return to the entrepreneur when economic profits are zero. determined by subtracting implicit costs from total revenue. determined by subtracting explicit costs from total revenue. the average profitability of an industry over the preceding 10 years.

Respuesta :

Otras preguntas

Sherman is going to give Luella some flowers. He really wants her to like them. According to the principle of excitation transfer, when would be the best time f

On a scale of 1 to 10, how important is it for you to reduce your heroin use? This item or question is most likely a part of... (a) URICA (b) CIWA-Ar (c) CAGE-A

The Turkish word for "elephant" is [fil]. How would you say "from my elephant" in Turkish? To answer this, you'll need to consult your answer to the previous q

The Aztecs worshipped a maize (corn) goddess rather than a god (unlike the Mayans).a true b false

Which of the following is NOT a center of the NIH? A. National Institute on Aging B. National Human Genome Research Institute C. National Cancer Institute D. Na

After watching the movie "Which Way Home", discuss some gaps in immigration policies and possible solutions. President Biden has halted construction on Trump's

Which component of wastewater is derived from sources like bathrooms, kitchens, and washbasins? a. Garbage b. Graywater c. Discharge d. Sewage

Which structure is highlighted? A) larynx B) trachea C) left main bronchus D) carina E) right main bronchus

Which of the statements below is best in selecting team members for a project kaizen?A) Include people from the focus area and engineering, quality, HR, and cus

A child of mass m = 15 kg slides down a slide of height h = 2.5m without friction. Let gravitational potential energy be zero atground level. calculate the chan

suchetasVT suchetasVT · Answer 1 · 2022-06-28T18:05:27+02:00

Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. Hence, the correct statement is Option A.

When the business earns normal profits?

A commercial enterprise may be in a state of normal profit while its economic income is equal to 0, that is why normal profit is also called “zero economic profit.” Normal profit takes place on the factor wherein all sources are being successfully used and could not be put to better use elsewhere.

Hence, Normal profit is the return to the entrepreneur when the entire economic profits are equal to zero. The correct statement is Option A.

learn more about Normal profit:

https://brainly.com/question/13800389

#SPJ1