Which of the Following Statements Is Correct Regarding Normal Profits

question 79

Multiple Choice

Which of the following statements is correct regarding normal profits?

• A)They are calculated by subtracting explicit costs from total revenue.
• B)Earning normal profits is considered a necessary part of doing business.
• C)They would always be smaller than economic profits.
• D)They are what is left over after economic profits are covered.

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Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body.

Convulsions

Involuntary, rapid movements of the body or limbs, which can be a symptom of various medical conditions, including epilepsy.

Heart Failure

A chronic condition in which the heart is unable to pump sufficiently to maintain blood flow to meet the body's needs.

Amphetamines

A class of stimulant drugs used to treat conditions like ADHD and narcolepsy by increasing focus and alertness.