标题: Economic Profit vs. Normal profit [打印本页] 作者: Jupiter 时间: 2011-7-11 19:49 标题: Economic Profit vs. Normal profit
what the heck is the difference?作者: LokiDog2 时间: 2011-7-11 19:49
normal profit - the profit you would earn in a perfectly competitive environment. normal profit includes all explicit and implicit opportunity costs
economic profit - the difference between the revenue received and all costs associated with the production of that good, including opportunity costs. normal profit is not a component of economic profit.
Edited 1 time(s). Last edit at Sunday, November 28, 2010 at 01:31AM by BayStreet.作者: spartanag07 时间: 2011-7-11 19:49
