When Does the Entire Earning of a Resource Comprise of Economic

question 47

Multiple Choice

When does the entire earning of a resource comprise of economic rent?

• A)When the supply curve of the resource is relatively elastic
• B)When the supply curve of the resource is horizontal
• C)When the supply curve of the resource is vertical
• D)When the supply curve of the resource is relatively inelastic
• E)When the supply curve of the resource is a ray through the origin

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Definitions:

Grouped Bar Charts

A graphical display of data using bars of different heights or lengths to represent various categories that are grouped together.

3D Perspective

A technique used in art and design to create the illusion of depth and space on a flat surface.

Visuals

Graphical elements used to enhance or illustrate content.

Deviation Bar Charts

Bar charts that identify positive and negative values, or winners and losers.