Question

Which of the following types of profit is considered to be a part of the cost of production?
(a) Supernormal profit
(b) Normal profit
(c) Monopoly profit
(d) Oligopoly profit​

Answer 1

Answer:

a) please mark me as brainliest

Answer 2

Answer:

The correct answer is option b) Normal profit

Explanation:

The term "normal profit" refers to a situation in which an agency's total revenues are equal to its total fees in a competitive market. This ensures that the company generates enough revenue to cover its overall production costs and maintain its position as a leader in its sector.

When a company examines its daily revenue, it assumes that its financial profit is equal to zero, which is the bare minimum that determines the fact why the business is still in operation.

Normal profit

Whilst measuring the regular earnings of an organization, we consider the possibility price of using the assets elsewhere.If a business reports a normal income, it means that the compensation it receives for its last in business is greater than any potential costs it may incur by employing resources to offer goods. However, an enterprise is stated to incur losses if its compensation is decreased than the possibility of cost misplaced to supply goods.

#SPJ2