Economy, asked by ak07hustler, 7 months ago

explain the concept of normal profit with diagram​

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Answered by dradhikaharini1983
0

Answer:

Normal profit is a profit metric that takes into consideration both explicit and implicit costs. It may be viewed in conjunction with economic profit. Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.

Hope the diagram will help you to understand buddy!!!

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Answered by deviteja24
0

Normal profit is a profit metric that takes into consideration both explicit and implicit costs. It may be viewed in conjunction with economic profit. Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.

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