Question

What is unusual or abnormal profit?

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Answer 1

Explanation:

What is unusual or abnormal profit?

Answer: The unusual or abnormal profits are those when the Total revenue > Total cost.

Answer 2

Answer:

excess profit, supernormal profit or pure profit, is "profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital."[1] Normal profit (return) in turn is defined as opportunity cost of the owner's resources. A related broader term is economic rent, which applies to the owner of a resource, such as land, rather than to the firm as such.[2]