In economics, a "normal profit" is the return to

A) labor.
B) capital.
C) land.
D) entrepreneurshi

D

Economics

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The items included in the CPI are

A) final goods produced in the United States. B) final goods and services produced in the United States. C) goods and services consumed by the typical urban household. D) only goods and services produced within the current year and consumed by the typical household. E) goods but not services consumed by the typical urban household.

Economics

The MRP curve for a monopolist in the product market is

A) the same as the MRP curve for a perfectly competitive firm in the product market. B) to the left and below the MRP curve for a perfectly competitive firm in the product market. C) to the right and above the MRP curve for a perfectly competitive firm in the product market. D) upward sloping and below the MFC curve for a perfectly competitive firm in the product market.

Economics