The social form of this quantity is calculated through the addition or subtraction of externalities and consumer surplus to its normal form.
The social form of this quantity is calculated through the addition or subtraction of externalities and consumer surplus to its normal form. The marginal revenue curve intersects the marginal costs curve where this quantity is maximized, but in the long run, it cannot exist in a perfectly competitive market. This quantity exists in two forms, accounting and economic, one of which does not include implicit opportunity cost. It is equal to total income minus total cost. For 10 points, name this economic quantity, the additional return granted to an owner from an investment.
The social form of this quantity is calculated through the addition or subtraction of externalities and consumer surplus to its normal form.
economic profit 