A normal profit is
A) the revenue remaining after all opportunity costs have been paid.
B) the profit a firm makes each year.
C) the average return for entrepreneurship.
D) part of the implicit rental rate of capital.
Correct Answer:
Verified
Q34: Sheila's Sports Shop is a very popular
Q35: Among the opportunity costs of a firm
Q36: An economic profit for a self-employed entrepreneur
Q37: Which of the following statements does NOT
Q38: Heidi quit her job as a chef
Q40: The return that an entrepreneur can expect
Q41: A firm uses labor and capital. To
Q42: Emma owns a firm that produces umbrellas.
Q43: Which of the following is TRUE?
A) Technological
Q44: Sheila's Sports Shop is a very popular
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