For an economist normal business profits are:
A) a cost, because they represent payments necessary to keep the resources owned by the entrepreneur in the enterprise.
B) not a cost, because they cannot be accurately calculated.
C) not a cost, because they accrue to the entrepreneur.
D) not an economic cost, because they are not necessary to acquire and retain entrepreneurial ability.
E) none of the above.
Correct Answer:
Verified
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