20 Which of the following is not a normal profit?
a. A reward for risk taking
b. The price of capital
c. A source of investment funds
d. Cost of production
Please answer! I'm preparing for CIMA foundation level Econ exam!
Economics - Financial Markets
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@uri can youplase help me with this as well ? :)
i think it is C,Not sure.
i got the same answer! but had doubts because the given answer is D!
normal profits occur in short run and super normal profits in long run!
since investments are done with super normal profits in the long run D has to be the answer!
Have you done CIMA? :)
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It's the fixed amount which the firm must earn to keep itself in business.So yah C :)
What is CIMA? O_o
Charted Institute of Management Accountatnt
where are you from?
Oh wait,you're in which grade?
i'm starting computer science engineering in the university this August!
Apart from that i'm doing CIMA exams to obtain professional qualifications in management. :) where are you from? and what's your grade ?
I'm from PAKSITAN and in 11th grade :)
cool. when will you start university? next year? I'm Sri Lankan but i'm hoping to go to a university in INDIA! much close by! i thought your from an European country and was a lot suprised to discover that you don't know CIMA It's quiet famous in UK
i have another question i'll post that shortly! are you studying Econ at school?
Yes now i had economics in 11th grade,but in 12th grade don't have,I'll apply for uni next year "_)
congrats! Good luck with your studies I'll be moving to somewhere much closer to you soon! nice to know someone from Pakistan! :D
India? i'm half indian and Cooool.
woow! that's great! admirable combination! your mother is Indian? are you in facebook? what's your name ? I can add you there! I'm Jayashani Mandila
Ha,Yes I am on Facebook,but I'm muslim :3,My mom's indian.
great to hear! i'll add you can you post the link to your profile? mine is https://www.facebook.com/jayashani?ref=tn_tnmn
and thank you! im really glad to know you! You look soo pretty in your pics! heee my profile pic is sooo stupid nah ? :)
Haha no everyone is pretty in their own way :)
Thumbs up! you have a good point! i think the same way! :D