Angie is debating whether to take a job as a professional therapist or a florist. She will earn $40,000 a year as a therapist or $25,000 a year as a florist. If she chooses to be a therapist, the economic rent is

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Economic rent is the difference between what Angie would earn in her chosen job and the next best alternative. Here, it's the difference between the therapist salary ($40,000) and the florist salary ($25,000), which is $15,000.

Angie Is Debating Whether to Take a Job as a Professional