The term "economic rent" refers to payments
A) to owners of real estate.
B) for the use of any resource above its opportunity cost.
C) equal to the opportunity cost of the use of land.
D) for the use of housing in company owned properties.
B
Economics
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A monopolistically competitive firm and a monopoly are alike because both I. face downward sloping demand curves. II. have marginal revenue curves that lie beneath their demand curves. III. can make an economic profit in the long run
A) I only. B) I and II. C) I, II, and III. D) I and III.
Economics
A bond's coupon payment divided by the bond's current price is equal to the bond's
A) price-earnings ratio. B) dividend yield. C) current yield. D) maturity value.
Economics