=+g. The benefit that an entrepreneur receives from his or her skill is sometimes referred to as
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=+g. The benefit that an entrepreneur receives from his or her skill is sometimes referred to as the economic rent of that skill because the entrepreneur could be renting that skill out (to someone like MacroSoft) instead of using it in his or her own business. If the economic rent of entrepreneurial skill is included as a cost to the restaurant business you run, how much profit are you making in the restaurant business?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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