If a college president earns $120,000 a year, but would have taken the job for $100,000 a year, the president's wage-related rent is

Name: If a college president earns $120,000 a year, but would have taken the job for $100,000 a year, the president's wage-related rent is
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The president's wage-related rent is the difference between what they actually earn ($120,000) and what they would have taken the job for ($100,000), which is $20,000.

If a College President Earns $120,000 a Year, but Would