A Resource That Earns Only Economic Rent _____

question 141

Multiple Choice

A resource that earns only economic rent _____

• A)cannot be employed in any other line of production.
• B)has an upward-sloping supply curve.
• C)has a downward-sloping supply curve.
• D)has a marginal revenue product that is less valuable than its marginal cost.
• E)has a perfectly elastic supply curve.

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Definitions:

Modify Expression

An action in programming or databases where the user changes the syntax or parameters of an existing expression to alter its functionality.

Calculated Field

A field in databases or spreadsheets that gets its value from the result of an expression rather than being entered or stored directly.

Criteria Syntax

The specific arrangement and formatting of conditions or rules used to filter or select records in queries.

Shortcut Menu

A context-sensitive menu that appears when a user right-clicks on an object, offering a list of actions related to that object.