Asked by Andrew Cameron on Jul 06, 2024
Verified
Economic rent is the difference between _____________ and ________________.
Economic Rent
The income earned from the use of resources above what is necessary to keep those resources in their current use.
- Understand the concept of economic rent and its calculation in different scenarios.
Verified Answer
CM
carlos munizJul 11, 2024
Final Answer :
what someone is paid;what she would have been willing to accept
Learning Objectives
- Understand the concept of economic rent and its calculation in different scenarios.
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