Rent is defined as the
A) payment received for the use of an asset
B) cost to an entrepreneur for using his or her own resources
C) difference between what a resource receives and the cost of bringing that resource into production
D) difference between the total revenue earned from selling a good and the cost of bringing the good into being
E) selling value of land
Correct Answer:
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A) is
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A) rent
B) profit
C) wages
D)
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