The term "economic rent" refers to
A) transfer earnings plus opportunity cost.
B) factor payments in excess of transfer earnings.
C) the opportunity cost of land.
D) a payment for use of land.
E) economic profit.
Correct Answer:
Verified
Q43: The diagram below shows the MRP curve
Q44: FIGURE 13- 1 Q45: Suppose a cook at a diamond mining Q46: Consider the following production and cost Q47: FIGURE 13- 4 The three diagrams below Q49: Consider the following production and cost Q50: FIGURE 13- 4 The three diagrams below Q51: Consider a small firm that is producing Q52: Consider the following production and cost Q53: FIGURE 13- 4 The three diagrams below
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