What is economic rent? Make up an example that illustrates this concept.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
Economic rent is the difference between what you would have be...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is economic rent? How does it differ from economic profit?
-
What is a process? Provide an example that illustrates the definition.
-
Think of an example that illustrates an application of the following contemporary theories: a. Systems theory. b. Contingency theory.
-
A car of mass m starts from rest and accelerates so that the instantaneous power delivered to the car has a constant magnitude P. The instantaneous velocity of this car is proportional to : (a) t'P 0...
-
A local pizza shop claims its average home delivery time is 30 minutes. A sample of 40 deliveries had a sample average of 33 minutes. Assume the population standard deviation for the shops deliveries...
-
Calculate the de Broglie wavelength of an electron accelerated from rest through a potential difference of (a) 100 V, (b) 1.0 kV, (c) 100 kV.
-
MRVis too small to have an HR department, and so no formal employee termination procedure exists. Nonetheless, Sue or Eddie should think about proper procedures to protect IS and IT when employees...
-
The New Day Clothes Company produced 18,000 units during June of current year. The Cutting Department used 3,500 direct labor hours at an actual rate of $ 11.80 pre hour. The Sewing Department used...
-
Hewconnect Chapter 3 Homework amework Seve Check my work mode : This shows what is correct or incorrect for 2. Prepare an adjusted trial balance as of December 31, 2021 Answer is complete but not...
-
Q No 3: M/s. Khalid Traders started business on March 1, 2006 with a cash investment of Rs.700,000. They completed the following transactions during the month: Mar.2:Paid shop rent in advance for one...
-
Explain why the backward-bending labor supply curve has this shape.
-
What is the most important factor underlying the long-run increase in average real wage rates in the U.S.?
-
The put-call parity rule can be expressed as C - P = [f0(T) - X] (1 + r) - T. Consider the following data: f0(T) = 102, X = 100, r = 0.1, T = 0.25, C = 4, and P = 1.75. A few calculations will show...
-
2 4. A rod of length 2 cm makes an angle rad with the principal axis of a thin convex lens. The lens has a focal 3 40 3 cm from the object as shown in the figure. The height of the length of 10 cm...
-
7. Consider an LC circuit, with inductance L = 0.1 H and capacitance C = 103 F, kept on a plane. The area of the circuit is 1 m. It is placed in a constant magnetic field of strength Bo which is...
-
Beach 10. The figure shows a circuit having eight resistances of 10 each, labelled R1 to R8, and two ideal batteries with voltages & = 12 V and 2 = 6 V. 1 R B1 Rs R R Which of the following...
-
12. Three plane mirrors form an equilateral triangle with each side of length L. There is a small hole at a distance /> O from one of the corners as shown in the figure. A ray of light is passed...
-
15. A small circular loop of area A and resistance R is fixed on a horizontal xy-plane with the center of the loop always on the axis of a long solenoid. The solenoid has m turns per unit length and...
-
Consider a payroll processing system for an elevator company. Describe three different scenarios in which the system can be justified as hard, firm, or soft real - time.
-
Why are stocks usually more risky than bonds?
-
Should all cash payments and receipts made by the firm be included in the cash budget?
-
Most strikes _______. a) cause widespread economic disruption b) cause little economic disruption c) cause no economic disruption
-
The job of a(n) _________is to impose a settlement. a) arbitrator b) mediator c) collective bargaining team leader
-
The two key areas covered by provisions of collective bargaining agreements are ___________. a) wages and hours, and job security and seniority b) wages and hours, and working conditions c) job...
-
What are the benefits and potential risks factors for undertaking derivative strategies compared to cash transactions
-
business law A partner may actively compete with the partnership True False
-
A company provided the following data: Selling price per unit $80 Variable cost per unit $45 Total fixed costs $490,000 How many units must be sold to earn a profit of $122,500?
Study smarter with the SolutionInn App