Figure 19-4

-The panels in Figure 19-4 represent the supply and demand conditions for a factor of production.In which case is the factor not earning any rent?
A)1
B)2
C)3

Name: Figure 19-4 -The panels in Figure 19-4 represent the supply and demand conditions for a factor of production.In which case is the factor not earning any rent? A)1 B)2 C)3
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Figure 19-4
 
-The panels in Figure 19-4 represent the supply and demand conditions for a factor of production.In which case is the factor not earning any rent?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

In case 3, the supply curve intersects the demand curve at the origin, indicating that the factor is not earning any rent.

Figure 19-4 -The Panels in Figure 19-4 Represent the Supply and Demand