A firm normal profit earned are included in ______

CA Foundation · Business Economics · RTP · January 2025
A firm normal profit earned are included in ______
(A) A. Explicit Cost
(B) B. Implicit Cost
(C) C. Variable Cost
(D) D. Fixed Cost

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Variable Cost

Topics: Theory of Production and Cost

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