Which Statement Is True About Economic Rent

question 137

Multiple Choice

Which statement is true about economic rent?

• A)It doesn't exist.
• B)Every jobholder earns it.
• C)No jobholder earns it.
• D)Professional athletes generally earn it.

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Definitions:

Managers

Individuals responsible for directing and overseeing the operations and strategic direction of a company or organization.

Practice

The repeated exercise or application of an activity or skill to acquire or maintain proficiency in it.

NPV

Net Present Value, a calculation used to determine the current value of a series of future cash flows.

IRR

Stands for Internal Rate of Return, a financial metric used to estimate the profitability of potential investments by calculating the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.