From the Hicksian economic viewpoint, profit is the amount which an individual can consume over a period and still be as well off at the end of the period as he/she was at the beginning of the period.

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According to Hicksian economics, profit is indeed defined as the maximum amount an individual can consume over a period without being worse off at the end of the period compared to the beginning, effectively maintaining their level of economic welfare.

From the Hicksian Economic Viewpoint, Profit Is the Amount Which