Question : What are super profits?
Option 1: Actual profit - Normal Profit
Option 2: Normal profit - Actual Profit
Option 3: Actual profit + Normal Profit
Option 4: None of the above
Answer (1)
22nd Jan, 2024
Correct Answer: Actual profit - Normal Profit
Solution : Super profit is the excess of average profit over normal profit, i.e. Super Profit = Average Profit - Normal Profit. Hence, the correct option is 1.
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