The following graph shows the demand and supply curves of a resource. One hundred units of the resource are earning a resource price of: Figure 11.2

A)$10, all of which is economic rent.
B)$10, none of which is economic rent.
C)$4, all of which is economic rent.
D)$4, none of which is economic rent.
E)$10, some of which is economic rent.

Question

​The following graph shows the demand and supply curves of a resource. One hundred units of the resource are earning a resource price of: Figure 11.2

A)$10, all of which is economic rent. 
B)$10, none of which is economic rent. 
C)$4, all of which is economic rent. 
D)$4, none of which is economic rent. 
E)$10, some of which is economic rent.

Quizplus · Accepted Answer

The Answer of ​The following graph shows the demand and supply curves of a resource. One hundred units of the resource are earning a resource price of: Figure 11.2

A)$10, all of which is economic rent. 
B)$10, none of which is economic rent. 
C)$4, all of which is economic rent. 
D)$4, none of which is economic rent. 
E)$10, some of which is economic rent.

​The Following Graph Shows the Demand and Supply Curves of a Resource

The Following Graph Shows the Demand and Supply Curves of a Resource