63. A factor of production, whose supply is fixed in the short tun, may get additional earnings. These earnings are generally referred to as A. O Surplus value B. O Quasi-rent C. O Transfer earnings D. O Super normal profits

63. A factor of production, whose supply is fixed in the short tun, may get additional earnings. These earnings are generally referred to as A. O Surplus value B. O Quasi-rent C. O Transfer earnings D. O Super normal profits

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 2SCQ: Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent...

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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63. A factor of production, whose
supply is fixed in the short tun,
may get additional earnings.
These earnings are generally
referred to as
A. O Surplus value
B. O Quasi-rent
C. O Transfer earnings
D. O Super normal profits

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