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Basic Question 2 of 8

In the economic theory of the firm, profit normally refers to ______.

A. accounting profit
B. normal profit
C. economic profit
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User Contributed Comments 1

User Comment
Antoinepo SInce normal profit occurs when economic profit is at 0, a profit ( higher then 0) means an economic profit. Remember : a NORMAL PROFIT = OPPORTUNITY COST (requiered roe)
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition

CFA® 2025 Level I Curriculum, Volume 1, Module 1.