When the supply of a factor is perfectly elastic, the entire payment made to the factor is

Question:

When the supply of a factor is perfectly elastic, the entire payment made to the factor is economic rent.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Economics

ISBN: 9788131775622

1st Edition

Authors: Vanita Agarwal

See More Books

Question Posted: Nov 07, 2024 04:00 AM

See More Questions

Please answer the following questions. No need for a detailed answer or detailed explanation, just write the correct one. Thankyou!! URGENT!!!! 1. Which statement best completes a short definition of...
Question 1 (Multiple Choice Worth 1 points) (01.01 MC) Why might salt be a resource with a high cost in one market and a very low cost in another market? Trade could affect costs. Its supply could be...
give45 [4:52 PM, 1/18/2022] Muthuri: Question: Hassan and Dana had bought a property valued at $1,225,000 for 20% down and a mortgage amortized over 25 years on March 1, 2018. They made equal...
In evaluating employee performance and determining salary raises, a company uses a large number of subjective and objective criteria gathered from numerous evaluators that are then combined together...
In view of the directors absolute duty of loyalty to a corporation consider how international events might cause a corporate director of a multinational business organization to become involved in...
Two boxes, m1 = 1.0kg with a coefficient of kinetic friction of 0.10, and m2 = 2.0kg with a coefficient of 0.20, are placed on a plane inclined at 0 = 30o. (a) What acceleration does each box...
When the supply of a factor is perfectly elastic, the entire payment made to the factor is economic rent.
Sea Duds is retail clothing store specializing in resort clothing. The company purchases finished goods apparel and accessories, and its other payments are typical operating costs such as rent,...
The position of an object at time t is given by s(t) = -2 - 6t. Find the instantaneous velocity at t = 2 by finding the derivative. hi! this is an example from an assignment I'm working out, could...
Transfer earnings are the amount that the factor should earn if it has to remain in its present use. It is also called the reservation price or the opportunity cost.
Briefl y discuss the theories of wage determination.
BlackScholes What are the prices of a call option and a put option with the following characteristics? Stock price $86 Exercise price $90 Risk-free rate 4% per year, compounded continuously...
As the LP you invest $100 to acquire a property. It generates $10 in year 1 and $12 in year 2. You sell it at the end of year 2 and receive $110 from the sales transaction. What percent of the IRR is...
1. (3 points) A firm with $200 million in revenue in 2021 generated an operating margin of 30%, what does this tell you about the firm's expenses in 2021? Be as specific as possible! 2. (4 points)...
Management of Great Springs Bottled Management of Great Springs Bottled Water Company has asked you, the controller, to develop a transfer pricing system for the company. The Transportation...
A B C D E F G H | J K L M 2 Capital Budgeting for NASA - Budget Requirements ($B) ($B) 3 Project 2022 2023 2024 2025 2026 NPV NOT With Depends On 4 A Communications Satellite 6 0 0 5 B Orbital...
Jane says, "An argument is a debate or a quarrel. It's two people disagreeing about something." Jordan says, "No, I disagree. For example, if I say 'If George wanted to avoid getting Covid, he should...
For the following diagram, compute the rate of return on the $3810 investment. 500 500 500 500 250 250 250 810
As long as we can't lose any money, we have a risk-free investment." Discuss this comment. Q2: Both investing and gambling can be defined as "undertaking risk in order to earn a profit." Explain how...

When the supply of a factor is perfectly elastic, the entire payment made to the factor is

Question:

Step by Step Answer:

Managerial Economics

Students also viewed these Business questions