Which of the following is not how economists describe the term "economic rent?:
A) The gains that workers and owners of capital receive from supplying their labor or machinery in factor markets.
B) The producer surplus in output markets.
C) The rental price of a factor of production minus the cost of supplying it.
D) The total revenue that a factor of production earns its owner.
Correct Answer:
Verified
Q147: All of the following are examples of
Q148: Markets that require workers with similar human
Q150: The intersection of supply and demand in
Q150: The rental price of capital is the:
A)interest
Q151: Human capital is defined as the:
A) amount
Q153: An example of human capital is:
A) plumbing
Q155: Tom has a PhD in history and
Q156: When a rare skill contributes to the
Q156: All of the following are examples of
Q158: When a worker has a rare skill
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