Multiple Choice
A dedicated professor loves being in the classroom and would teach for $70,000 per year, but he is actually paid $80,000 per year. This individual
A) receives economic rent of $150,000.
B) has an opportunity cost of $80,000.
C) has an opportunity cost of $70,000.
D) receives economic rent of $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: How is inflation related to interest rates?
Q299: When economic rent exists<br>A) the price is
Q300: The economy's current rate of interest is
Q302: A disadvantage of the proprietorship form of
Q303: An organization that brings together the factors
Q305: The most important source of financial capital
Q306: Economic profits are<br>A) the same as accounting
Q307: Suppose that you borrow $10,000 for one
Q308: Suppose the auto industry has several investment
Q309: The real rate of interest is<br>A) the