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Basic Question 2 of 8

In the economic theory of the firm, profit normally refers to ______.

A. accounting profit
B. normal profit
C. economic profit
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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)
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Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

describe the phenomenon of diminishing marginal returns;

CFA® 2024 Level I Curriculum, Volume 2, Module 8.