Question

Normal profit is a part of total cost..Is it true??? don't Google it....

Answer 1

Heya....

Yes.....it is true...

Normal profit is defined as the minimum return that the producer expect from his capital invested.. If it is not be available he will withdrawal his capital from existing business so it is total cost that is covering....

Answer 2

$\bf\huge\color{red}{hello \: mate! }$

Your answer is :-

✔️✔️✔️ "$\color{Blue}{TRUE}$" ✔️✔️✔️

$\bf{Normal \: Profit}$ is a part of total cost.

$\bf{Normal \: Profit}$ is the minimum compensation that a firm receives for operating.

Normal profit is included in the costs of production because it is the minimum amount that justifies why the firm is still in business and for calculating the cost of production, an economist assumes that all resources are paid, Natural resources, labor, capital and entrepreneurship are compensated.

$<b>hope you understood !$ ✌️