A Normal Profit May Be Defined as

question 105

Multiple Choice

A normal profit may be defined as

• A)the minimum amount of profit required to keep a business operating in the long run.
• B)an accounting profit equal to the sum of all opportunity costs.
• C)the maximum amount of profit that a business has ever made.
• D)economic profit that is equal to accounting profit.
• E)accounting profit equal to zero.

---

Definitions:

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere, and the fluids of most living organisms.

Life Forms

The various organisms that inhabit the Earth, encompassing diversity in physical structure, habitat, and life processes.

Cells

are the basic building blocks of all living organisms, ranging from single-celled bacteria to complex multicellular humans.

Internal Structures

The organization or arrangement of the parts inside a system, body, or object.