menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Exploring Economics
  4. Exam
    Exam 16: The Markets for Labor, Capital, and Land
  5. Question
    A Payment for a Resource Above Its Opportunity Cost Is
Solved

A Payment for a Resource Above Its Opportunity Cost Is

Question 114

Question 114

Multiple Choice

A payment for a resource above its opportunity cost is known as:


A) an interest payment.
B) a sunk cost.
C) featherbedding.
D) an economic rent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q109: When wages increase,the income effect<br>A) increases the

Q110: If there is both a decrease in

Q111: Which of the following will not result

Q112: The labor _ curve(s)will shift if there

Q113: If the demand for opera singers increases

Q115: Which of the following is the best

Q116: The market supply curve for labor:<br>A) shows

Q117: The short-run supply of land at a

Q118: Exhibit 16-2 The following lists possible capital

Q119: The demand curve for loanable funds is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines