the minimum amount of profit called normal profit is included in the cost of production—(T/F)
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Answer:
ZERO
It means that the company makes sufficient revenues to cover the overall cost of production and remain competitive in its respective industry. When a company reports a normal profit, it means that its economic profit is equal to zero, which is the minimum amount that justifies why the business is still in operation.
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Answered by
0
Answer:
zero
It means that the company makes sufficient revenues to cover the overall cost of production and remain competitive in its respective industry. When a company reports a normal profit, it means that its economic profit is equal to zero, which is the minimum amount that justifies why the business is still in operation.
Explanation:
true
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