NARRBEGIN: Exhibit 11-2
Exhibit 11-2

-In Exhibit 11-2, which unit of the resource is earning the most economic rent?
A) the first
B) the tenth
C) the fifteenth
D) the hundredth
E) they are all earning the same economic rent

Question

NARRBEGIN: Exhibit 11-2
Exhibit 11-2
 
-In Exhibit 11-2, which unit of the resource is earning the most economic rent?
A) the first 
B) the tenth 
C) the fifteenth 
D) the hundredth 
E) they are all earning the same economic rent

Quizplus · Accepted Answer

The first unit of a resource typically earns the most economic rent because it is often the most productive or has the highest value, while additional units tend to have diminishing returns.

NARRBEGIN: Exhibit 11-2 Exhibit 11-2