Multiple Choice
Economic rents are earned whenever
A) demand for a factor is perfectly inelastic.
B) a factor receives a reward that exceeds its cost.
C) a factor earns a reward that is greater than the amount needed to keep the factor in its present employment.
D) a factor's supply curve intersects its demand curve at a point where demand is inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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