--%>

Examples of pure economic rent

The clearest illustrations of pure economic rent are payments: (1) for improvements which increase the productivity of resources. (2) to owners of unimproved land. (3) exceeding the productivity of a resource. (4) received by owners of homogeneous resources. (5) from the tenants into a new apartment building.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Goods of negative income elasticity of

    When the income elasticity of market demand is negative, in that case most consumers view the good as: (w) a luxury good. (x) having several imperfect substitutes. (y) an inferior good. (z) a normal good. Hey frien

  • Q : Declines in the international price

    Declines within the international price of oil would be probably to cause the: (w) wages of bicycle factory workers to raise. (x) demand for automobiles to decrease. (y) incomes of geologists and petroleum engineers to fall. (z) price of home insulati

  • Q : Total revenue for profit-maximizing

    TR (total revenue) for this profit-maximizing pure competitor equivalents area: (i) 0PeQ. (ii) bPec. (iii) aPed. (iv) 0bcQ. (v) 0Pec.

    Q : Unimportant economies of scale If

    If comparing market structures, when economies of scale are unimportant: (w) the most efficient form of market structure is a pure monopoly. (x) purely competitive industries and price discriminating monopolies are equally efficient. (y) price discrim

  • Q : Demand curves relatively more elastic

    Scrutiny of demand curves DD and D0D0 reveals such that: (1) D0D0 is relatively more elastic at a price of P1. (2) DD is relatively more elastic at a price of P2. (3) D0D0 probably reflects the demand f

  • Q : Interdependent decision of oligopolies

    Interdependent decision making through firms is most common within: (w) purely competitive industries. (x) monopolized industries. (y) oligopolies. (z) monopolistic competition. Please choose the right answer from

  • Q : Problem on annual implicit cost To

    To begin up his own business, Mitch quit his salaried job and invested $10,000 in savings which had earned him $1,000 per year in interest. He as well employs an apartment as his office that he previously had rented out for $6,500 per year. Which of the following is n

  • Q : Craft Unions problems I have a problem

    I have a problem in economics on Craft Unions problems. Please help me in the given question. The craft unions arrange all the workers: (i) In a given industry or firm, despite of skill or craft. (ii) In a specified craft, even when they work for dist

  • Q : Problem on monoplists Suppose that the

    Suppose that the total cost curve for a monopolist is provided by TC = 3y2 + 800 and its marginal cost curve is given as MC = 6y.  Also assume it faces a market demand curve of py = 280 - 4y and marginal revenue curve of MR = 280 – 8y.

  • Q : Derived Demand problem The change in

    The change in price of a resource will cause a modification in the: (i) Demand for the resource. (ii) Supply of resource. (iii) Quantity demanded of resource. (iv) Demand for good in resource production. Find out the right answer f