Chapter 12
Mar 20, 2013 · A)economic profit. B)accounting profit. C)excessive profit. D)normal profit. E)entrepreneur's profit. Answer:D Topic: Normal profit Skill: Level 1: Definition Objective: Checkpoint 12.1 Author: TS 16) A normal profit is A)part of a firm's opportunity cost. B)equal to total revenue minus total opportunity cost. C)the same as economic profit. ................
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