Economy, asked by shivani16012007, 2 months ago

What is normal profit ?

Answers

Answered by brainlyfriend91
6

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.

Answered by smArora
4

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.

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