Suppose Harrison Ford makes 2 movies per year and earns $10 million per movie.Suppose that if he weren't making movies his next best alternative would be to earn $500 000 per year endorsing shampoo.By making movies,Harrison Ford
A) is earning economic rent of $20 500 000 per year.
B) is earning economic rent of $20 000 000 per year.
C) is earning economic rent of $19 500 000 per year.
D) is earning economic rent of $500 000 per year.
E) is not earning economic rent.
Correct Answer:
Verified
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