What is normal profit ?

1.	What is normal profit ?
Answer» Answer: NORMAL profit is a profit metric that takes into consideration both EXPLICIT and implicit costs. It MAY be viewed in conjunction with economic profit. Normal profit occurs when the difference between a company's total revenue and COMBINED explicit and implicit costs are equal to ZERO.

Answer»

Answer:

NORMAL profit is a profit metric that takes into consideration both EXPLICIT and implicit costs. It MAY be viewed in conjunction with economic profit. Normal profit occurs when the difference between a company's total revenue and COMBINED explicit and implicit costs are equal to ZERO.

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What is normal profit ?

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