Who is most likely to be earning economic rent?

A. A landlord
B. A postal employee
C. Someone who lives in a rental apartment
D. A major league baseball player

D. A major league baseball player

Economics

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In a competitive industry

a. firms produce a product or service with very close substitutes b. the firms products have a very elastic demand c. the firms have many rivals d. all of the above

Economics

Utility is determined by an individual's

a. income b. price c. relative price d. profit e. tastes and preferences

Economics