In an Input Market,economic Rent Is Defined as

Multiple Choice

In an input market,economic rent is defined as

A) the total remuneration paid to a factor of production.
B) the minimum amount required to retain a factor of production in its present use.
C) the total cost for a firm of renting land,equipment,and buildings.
D) the extent to which payments to a factor of production exceed the minimum amount required to retain it in its present use.