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:

Verified
Correct Answer:
Verified
Related Questions
Q383: A famous opera star made $2 million
Q384: The ABC Corporation earned a real rate
Q385: A share of stock in a corporation
Q386: The most common form of business organization,
Q387: If the rate of inflation is zero,
Q389: The supply curve for land in the
Q390: What is the present value of $100
Q391: Rents<br>A) have no useful economic purpose.<br>B) have
Q392: An important problem with corporations is<br>A) the
Q393: To find economic profit from accounting profit,