This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following would be least likely to earn economic rent? (Read 107 times)

zl00505

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022

Question 1

John Smith plays baseball for $500 000 per year, but if he were not a baseball player, his next best alternative would be to earn $35 000 per year as a sales representative. By playing baseball, Smith is earning economic rent of
◦ $35 000.
◦ zero.
◦ $535 000.
◦ $500 000.
◦ $465 000.

Question 2

Which of the following would be least likely to earn economic rent?
◦ John Smith, an auto-plant worker in Oshawa, Ontario
◦ Lady Gaga
◦ an owner of land located on Yonge Street, near downtown Toronto
◦ a university professor who loves every bit of his job
◦ Robert Bateman, famous wildlife artist
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by zl00505 on Oct 12, 2022

Rcfelber

  • Full Member
  • ***
  • Posts: 151
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


zl00505

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Indicators of Relative Economic Well-Being Indicators of Relative Economic Well-Being
Economic and Social Development Economic and Social Development
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
economic question economic question
economic question economic question
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library