Super normal profits occurs when

Related MCQs

• In the Union Budget, profits from public sector undertakings are taken under
• Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits?
• The income elasticity of demand of normal goods is generally
• A goods can be considered a normal goods in economics if increase in disposal income of the consumer causes
• A firm that makes profit in excess of normal profit is earning
• Assume Samantha likes hot dogs and hamburgers equally, and the price of hamburgers (a normal good) declines. She will most likely purchase more hamburgers; this is
• Which of the following would not be considered a normal good?
• Shift in Demand curve or change in Demand curve occurs due to
• Change in quantity demanded or Movement along demand curve occurs due