What is the term used to describe the profit earned when a firm's total revenue equals its total costs, including opportunity costs?

The term used to describe the profit earned when a firm's total revenue equals its total costs, including opportunity costs, is called "normal profit. " This means that the company is covering all its expenses, including what it could have earned if it used its resources in another way. For example, if a bakery makes just enough money to pay for ingredients, rent, and the owner's salary, it is making normal profit. In this situation, the bakery isn't losing money, but it isn't making extra profit either. Normal profit is important because it shows that the business is sustainable, allowing owners to continue operating without financial loss.