Solved

A Firm Which Earns Normal Profit

Question 53

Multiple Choice

A firm which earns normal profit:


A) is covering all its costs including the opportunity costs of being in business
B) is covering the opportunity costs of being in business, but not its input costs
C) is covering the cost of its inputs, but not the opportunity costs of being in business
D) is covering neither the opportunity costs of being in business nor its input costs

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents