Asked by Kiasha Trammell on Jun 03, 2024
Verified
Economic rent is the amount of money that ________________________________.
Economic Rent
Earnings in excess of the minimum required to keep a factor of production in its current use, often derived from unique advantages.
- Define economic rent and factors determining it.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
resources are paid beyond what would be necessary to bring them to the market
Learning Objectives
- Define economic rent and factors determining it.
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