The term "economic rent" refers to
A) economic profit.
B) transfer earnings plus opportunity cost.
C) factor payments in excess of transfer earnings.
D) a payment for use of land.
E) the opportunity cost of land.
Correct Answer:
Verified
Q4: Consider the following production and cost schedule
Q34: All of the following are examples of
Q36: The diagram below shows the MRP curve
Q37: Suppose that experienced oil- field workers are
Q38: A Lorenz curve shows the
A) level of
Q40: Suppose Harrison Ford makes 2 movies per
Q41: Consider the perfectly competitive labour market for
Q42: The three diagrams below each show a
Q43: The aggregate quantity of labour supplied will
Q44: Consider the following production and cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents