Question

When TR > TC, it indicates ______ zone of a firm

a) Loss
b) Profit
c) Supernormal profit
d) shutdown​

Answer 1

Answer:

vbbhb

..a.

.

.

1. .
2. .
3. .
4. .
5. .
6. .
7. ..
8. ..
9. ,:
10. l
11. l
12. l:
13. l:
14. :::""""::"""''######%%###><<><><)

Answer 2

When the total revenue is greater than the total cost it indicates the supernormal profit zone of a firm.

• Total revenue is the total revenue that a business firm on by selling goods and services to the customers.
• Total cost is the minimum cost of producing some quantity of output.
• Supernormal profit is also known as pure profit. It is an excess profit of a firm that is above the minimum return necessary to keep a form in business.