If a Resource Has Perfectly Elastic Supply Curve Then Its

question 52

Multiple Choice

If a resource has perfectly elastic supply curve then its income is termed as:

• A)economic rent.
• B)rental rate of capital.
• C)rental income.
• D)annuity.
• E)transfer earnings.

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Definitions:

Investing Activities

Financial transactions related to the purchase and sale of long-term assets and investments, as reported on a company's cash flow statement.

Net Cash

Net Cash refers to the amount of cash available after accounting for cash inflows and outflows.

Operating Activities

Activities that relate to the company's primary operations, such as sales, delivery of services, and production.

Net Cash

The net cash remaining following the calculation of cash incomes and expenditures.