One example of Ricardian rent is:
a. rent paid to landlords under price controls.
b. the difference between the price of a highly demanded unique piece of artwork and the opportunity cost of maintaining it.
c. the amount paid to a seller above the equilibrium price of tourist class tickets in order to receive higher quality seats in first class.
d. the price rise of wool from a disease among sheep.
Question 2
Appendix: Each partner in a simple profit-sharing contract that splits the independently verifiable sales revenue minus unobservable cost has an incentive
a. to reject an automatic renewal of the contract
b. to understate fixed cost
c. to overstate avoidable cost
d. to understate customer loyalty for repeat purchases
e. to renew the partnership contract
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