The Economic Rent Analysis Does Not Apply to Any Factor

question 6

Multiple Choice

The economic rent analysis does not apply to any factor

• A)except land.
• B)whose supply curve is vertical.
• C)whose supply curve is horizontal.
• D)whose quantity supplied is fixed.

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Definitions:

Credit To Cash

A transaction in accounting where a credit sale is paid off, converting receivables into cash.

Accounts Payable

Liabilities of a business that represent money owed to suppliers or creditors for goods and services received.

Accounts Payable Subsidiary Ledger

A detailed record used to track amounts owed to suppliers or creditors separate from the general ledger.

General Ledger

A comprehensive ledger that contains all the financial accounts of a business, recording every transaction that occurs.