The term normal profit as used in the analysis of Equilibrium of the firm under perfect competitor! Refers to A) Earning of management B) Reward of Enterprise C) Reward of Innovation D) Residual income of a business Related MCQs: If AC = MC = AR = MR = P, then a perfect competitor firm? Which analysis is a part of Analysis model of the web engineering process framework? A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6% What is his overall profit percentage? If two systems A and B are in thermal equilibrium with a third system C then A and B are is thermal equilibrium with each other. This Is called?