All of the Payment to a Factor of Production Will

question 85

Multiple Choice

All of the payment to a factor of production will be economic rent when the factor of production has:

• A) an infinitely inelastic supply curve.
• B) an infinitely elastic supply curve.
• C) a constant, unit elastic supply curve.
• D) an infinitely inelastic demand curve.

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Definitions:

Decision-Making Ability

The capability to select between various options and make choices that lead to a desired outcome, often critical in personal and professional contexts.

Work Outcomes

The results or consequences generated from an individual's or a group's work efforts, which can be measured in terms of productivity, efficiency, and quality.

A Stressor

Any physical, social, or psychological event or condition that causes the body to need to adjust or respond.

The Stress Response

The body's reaction to any change that requires an adjustment or response, which can be physical, mental, or emotional.