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Basic Question 2 of 8
In the economic theory of the firm, profit normally refers to ______.
B. normal profit
C. economic profit
A. accounting profit
B. normal profit
C. economic profit
User Contributed Comments 1
| User | Comment |
|---|---|
| Antoinepo | SInce normal profit occurs when economic profit is at 0, a profit ( higher then 0) means an economic profit. Remember : a NORMAL PROFIT = OPPORTUNITY COST (requiered roe) |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2024 Level I Curriculum, Volume 1, Module 1.