For superstar athletes
A) their entire earnings are economic rent.
B) part of their earnings are economic rent.
C) none of their earnings are economic rent since rent doesn't apply to labor.
D) none of their earnings are economic rent since they will do some other work once they are too old to be an athlete.
Correct Answer:
Verified
Q34: Economic rents are useful because
A) they increase
Q35: Q36: Suppose the supply of land is perfectly Q37: When the supply curve of a resource Q38: The payment for a factor of production Q40: The first economist to analyze economic rent Q41: Angie is debating whether to take a Q42: When economic rent exists
A) the price is
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