Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 1CQ
Related questions
Question
67. The difference between the cost of production on a piece of land less the cost of production on marginal land is called
| a. |
rent.
|
|
| b. |
usury.
|
|
| c. |
profit.
|
|
| d. |
interest.
|
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