Normal good and Normal profit: Difference between pages

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imported>Doug Williamson
m (Amend links.)
 
imported>Doug Williamson
m (Spacing 21/8/13)
 
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''Economics - elasticity''.   
''Economics''.   


A product for which quantity demanded increases as income increases.
The minimum acceptable profit the owners of a company are looking for.
 
So when the actual profit is equal to the Normal profit, then Supernormal profit = 0.




== See also ==
== See also ==
* [[Demand]]
* [[Supernormal profit]]
* [[Demand curve]]
* [[Elasticity]]
* [[Income elasticity of demand]]
* [[Inferior good]]
* [[Luxury good]]
* [[Necessity]]
* [[Price elasticity of demand]]
* [[Price elasticity of supply]]
* [[Supply]]
 
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Long_term_funding]]

Revision as of 15:21, 21 August 2013

Economics.

The minimum acceptable profit the owners of a company are looking for.

So when the actual profit is equal to the Normal profit, then Supernormal profit = 0.


See also