If Marguerite rents her land for $250/month and her next-best use of the land would earn her $100/month,her economic rent is ________.

Name: If Marguerite rents her land for $250/month and her next-best use of the land would earn her $100/month,her economic rent is ________.
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Quizplus · Accepted Answer

Marguerite's economic rent is the difference between the rent she receives and the income she could have earned from her next-best use. So, her economic rent is $250 - $100 = $150. Therefore, the best choice is B.

If Marguerite Rents Her Land for $250/month and Her Next-Best