Business, 08.10.2019 00:20 bikerhomie
Refer to situation 22-4. is joe earning a normal profit? no, he is earning an above-normal profit. no, but he is earning an accounting profit and that is all that matters. yes, but his economic profit is $0 and that is not good. we cannot be sure, because "normal" profit is a subjective judgment. no, his economic profit is negative.
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Refer to situation 22-4. is joe earning a normal profit? no, he is earning an above-normal profit. n...
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