Scenario 14.1 A Worker in Firm a Earns an Income of $5,000

question 41

True/False

Scenario 14.1
A worker in Firm A earns an income of $5,000 per month. He has been offered a job in Firm B where he will be paid a salary of $7,000 per month.
-The greater the elasticity of supply of a resource the greater is its economic rent.

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