If the elasticity of supply of a resource is greater than zero but less than infinity, its income will comprise of:

a. only economic rent.
b. only transfer earnings.
c. salaries and traveling allowances.
d. both economic rent and transfer earnings.
e. salaries, traveling allowances, as well as other incentives.

d

Economics

You might also like to view...

Which of the following would cause a decrease in the demand for film?

a. a decrease in the price of film processing b. an increase in the price of film c. an increase in income of camera users d. an increase in the price of cameras e. an increase in supply of cameras

Economics

If one Mexican peso was worth 0.05 U.S. dollar, then one U.S. dollar would be worth:

a. 20 U.S. dollars. b. 20 Mexican pesos. c. 2 Mexican pesos. d. 0.05 Mexican pesos. e. 1 Mexican peso.

Economics