A Normal Profit Is

question 46

Multiple Choice

A normal profit is

• A) the revenue remaining after all opportunity costs have been paid.
• B) the profit a firm makes each year.
• C) the average return for entrepreneurship.
• D) part of the implicit rental rate of capital.

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Definitions:

Death Penalty

A legal punishment where an individual is executed by the state as retribution for a particularly severe crime.

Offender

An individual who has committed a violation of the law or a rule.

Victim

An individual who suffers harm or loss as a result of a crime, accident, or other event or action.

Comprehensive Crime Act

Legislation intended to address multiple facets of crime and criminal justice, often including preventative measures, law enforcement powers, sentencing, and rehabilitation.