The level of profit that occurs when the total revenue is to the total cost is known as normal profit.
Question
Solution 1
Yes, you are correct. Normal profit is a situation in economics when the total revenue is equal to the total cost. This means that the firm is just covering all its costs including a provision for the opportunity cost of the entrepreneur's time and capital. It is a minimum level of profit needed for Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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