What Is Normal Profit in Economics?

Answer

Normal profit in economics is when economic profit is equivalent to zero. The normal profit is considered the minimum level that a company must maintain in order to remain competitive. the difference between total cost and total revenue also defines normal profit.
Q&A Related to "What Is Normal Profit in Economics?"
In accounting, profit is the difference between revenues and costs and is the figure traditionally reported in corporate balance sheets and financial reports. This differs from economic
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Stagnation or zero growth as long as they aren't losing money.
http://wiki.answers.com/Q/Zero+economic+profit+is+...
Profit Margin- A ratio of profitability calculated as net income divided by
http://www.chacha.com/question/what-is-profit-marg...
Plug the given numbers into the given equations: economic profit = revenue - (explicit cost + implicit cost) revenue = price * units sold. explicit cost = unit cost * units produced
http://answers.yahoo.com/question/index?qid=201207...
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