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  3. Study Set
    Economics Today Study Set 1
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    Exam 21: Rents, Profits, and the Financial Environment of Business
  5. Question
    If a Factor of Production with a Fixed Supply Is
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If a Factor of Production with a Fixed Supply Is

Question 388

Question 388

Multiple Choice

If a factor of production with a fixed supply is earning $100 in its current use and its next best use would yield earnings of $90, the factor is earning a pure economic rent equal to


A) $0.
B) $10.
C) $90.
D) $190.

Correct Answer:

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