menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 8: The Discovery of Production and Its Technology
  5. Question
    Why Is Normal Profit the Minimum Amount That an Entrepreneur
Solved

Why Is Normal Profit the Minimum Amount That an Entrepreneur

Question 7

Question 7

Essay

Why is normal profit the minimum amount that an entrepreneur must earn in order to keep the business operating?

Correct Answer:

verifed

Verified

Normal profit is equal to the entreprene...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: An production indifference curve is the set

Q3: If all inputs are doubled and the

Q4: Opportunity cost is measured by the amount

Q5: The assumption that states that, if there

Q6: Exhibit 8-1<br>(a)<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5736/.jpg" alt="Exhibit 8-1 (a)

Q8: The assumption that states that, if an

Q9: The increase in the amount of output

Q10: An example of a total product curve

Q11: The assumption that states that, if we

Q12: If all inputs are doubled and so

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines