Transfer earnings of a factor is equal to its: a. economic rent. ...

[Chelseaamend]

Transfer earnings of a factor is equal to its:
 a. economic rent.
  b. explicit cost.
  c. actual earnings.
  d. overhead cost.
  e. opportunity cost.

Question 2

In the United States, there is a federal minimum wage that is followed by each state.
 a. True
  b. False
  Indicate whether the statement is true or false

[morganmarie791]

Answer to Question 1

e

Answer to Question 2

False

[Chelseaamend]

Excellent

[tkempin]

Thanks for the timely response, appreciate it