• Socratic Q&A logo
Microeconomics
Science
  • Anatomy & Physiology
  • Astronomy
  • Astrophysics
  • Biology
  • Chemistry
  • Earth Science
  • Environmental Science
  • Organic Chemistry
  • Physics
Math
  • Algebra
  • Calculus
  • Geometry
  • Prealgebra
  • Precalculus
  • Statistics
  • Trigonometry
Humanities
  • English Grammar
  • U.S. History
  • World History
    ... and beyond
  • Socratic Meta
  • Featured Answers
Topics
Search icon

Normal profit

Microeconomics Profit Normal profit

Questions

  • Why is normal profit an opportunity cost?
  • Why is normal profit treated as a fixed cost?

Profit

View all chapters
  • Accounting versus economic profits
  • Normal profit
  • Profit maximization: MR=MC rule
Prev
Next
  • Privacy
  • Terms
  • Help