Question

When are normal profits received ?

Answer 1

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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Answer 2

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.

Explanation:

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