Normal profit is the ________.Normal profit ________ part of a firm's opportunity cost.
A)return that an entrepreneur can expect to receive on average;is
B)profit used by the Canada Revenue Agency to calculate tax owing;is
C)profit used by the Canada Revenue Agency to calculate tax owing;is not
D)return that an entrepreneur can expect to receive on average;is not
E)difference between total revenue and total cost;is

Question

Quizplus · Accepted Answer

Normal profit is the return that an entrepreneur can expect to receive on average for their investment and effort. It is considered part of a firm's opportunity cost because it represents the minimum amount the entrepreneur must earn to make the business venture worthwhile, as opposed to investing their time and resources elsewhere.

Normal Profit Is the ________