"Which of the following individuals would you expect to have a high level of economic rent, and which would you expect to have a low level of economic rent? Explain why for each.

a. Emily quit high school at age 17, and she has since worked for several years as a waitress in fast-food restaurants.

b. Demetrius earned a Ph.D. in financial economics, and he is among a handful of experts who specialize in assessing the values of highly complex securities traded in bond markets.

c.Xin was a child prodigy on the violin, and after years of developing her skills, she is now rated among the most talented performing violinists in the world.