Average & Total Cost, Application of Economics & Income Inequality Mcqs

Q.  The term ‘rent’ as it is used by economists. refers to ?

a. the return to any factor of production that is in fixed supply
b. the profit earned by the owner of any housing unit.
c. the amount paid each year by a tenant for an apartment
d. any profit earned by stockholders when they sell their stock


ANSWER: See Answer
 
No explanation is available for this question!
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