--%>
Assignment Help - homework help

Concept of pure rent in economics

Pure economic profit is most closely associated to the concept of: (1) exploitation of labor. (2) opportunity cost. (3) pure rent. (4) pure oligopoly. (5) capitalization.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Charging price in short run for profit

    Now Roast chicken dinners replace fried chicken in popularity in this given demonstrated figure. In the short run that profit maximizing firm will charge a price equal to: (w) $12.00. (x) $11.00. (y) $10.00. (y) $9.00. (z) $6.50.

    Q : Marginal revenue and average revenue

    A firm along with market power faces a downward sloping demand curve since: (w) selling more of the good needs a price cut. (x) marginal revenue should equal average revenue. (y) only pure monopolies face horizontal demand curves. (z)

    		•
  • Q : Negative income tax in welfare system

    Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial de

    		•
  • Q : Corporate Taxes-Disadvantages of a

    One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.

  • Q : Problem-market supply of labor Can

    Can someone please help me in finding out the accurate answer from the following question? The marginal resource cost for monopsonist in the labor market which can’t wage discriminate: (p) Is perfectly elastic. (q) Is perfectly inelastic. (r) Lies above the mark

    		•
  • Q : Minimal Materials in Relative Poverty

    After the minimal materials essential for survival are attained, poverty becomes: (w) an absolute concept. (x) more prevalent in North America than elsewhere. (y) measured by the income level required to meet minimal psychological needs. (z) a relativ

    		•
  • Q : Demand for a poorer good Household’s

    Household’s demand for a poorer good tends to fall if: (1) Supplies of complementary goods increase. (2) Prices of alternate goods increase. (3) Family income rises. (4) Its own price drops/falls. Can someone

    		•
  • Q : Spread of wage information The

    The Employers frequently discourage the spread of wage information since they fear that: (i) Lower salaried workers might use the information to negotiate the raises. (ii) Firms honor employee’s privacy only when secrecy is reciprocated. (iii) Unions try to orga

    		•
  • Q : Maximize profit by monopolistic

    Monopolistic competitors maximize profit through: (w) adjusting output at a given price. (x) adjusting price for a given output. (y) adjusting output and price. (z) cheating. Can someone explain/help me with best s

    		•
  • Q : Determine least price elasticity in

    Of all of the known ranges on such supply curves, the supply of tanks of dehydrated water is least price elastic in between: (i) point a and point b. (ii) point b and point c. (iii) point c and point d. (iv) point e and point f. (v) point g and point

    		•