Q. Supernormal profit refers to (Solved)
1. High proportion of net profit
2. Minimum necessary profit to induce an entrepreneur to remain in business
3. Unexpectedly high Profit
4. Residual surplus
- a. High proportion of net profit
1. High proportion of net profit
2. Minimum necessary profit to induce an entrepreneur to remain in business
3. Unexpectedly high Profit
4. Residual surplus