The amount a person earns over and above the amount she/he would be willing to work for is called

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Economic rent is the amount earned by a factor of production (such as labor) over and above the minimum amount required to keep it in its current use. It represents the surplus or extra earnings that the individual receives due to their unique abilities or circumstances, and is often used to describe the earnings of individuals in specialized or high-skilled professions.

The Amount a Person Earns Over and Above the Amount