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7.5.9 definition of normal, subnormal and supernormal profit
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The Three Types of Profit

The Three Types of Profit

Economic profit compares a firm's average revenue with its average cost. At the profit-maximising output, the key test is whether ARARAR is greater than, equal to, or less than ACACAC.

7.5.9 definition of normal, subnormal and supernormal profit Lesson

  1. Intl A Level
  2. /Economics
  3. /7.5.9 definition of normal, subnormal and supernormal profit

Step-by-step lessons on CIE Intl A Level Economics 7.5.9 definition of normal, subnormal and supernormal profit. Each one builds up to exam-style questions.