--%>

Minimum Required Quantity Demand

An economic rent is earned when the owner of any resource as: (w) receives income greater than the minimum required to ensure that the quantity demanded is obtainable. (x) exerts control over the payment for the resource. (y) sells input services in a perfectly competitive resource market. (z) confronts an upward sloping demand curve for input services.

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 : Complementary goods problem When a

    When a price cut for licorice gummy bears decreases the demand for tuna fish ice cream, then: (i) tuna fish ice cream and licorice gummy bears are both complementary goods. (ii) Price scrambles for tuna fish ice cream will diminish the demand for licorice gummy bears.

  • Q : State government budget Government

    Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.

  • Q : Demand when price of good or resource

    When the price of a good or resource drops, the demands for: (i) That good or resource raise. (ii) Complementary goods or resources reduce. (iii) Substitute goods or resources reduce. (iv) Luxury goods and inferior resources drop.

  • Q : Problem onto Saving and Spending Money

    The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o

  • Q : Long run equilibrium for a purely

    In long-run equilibrium for a purely competitive firm: (w) MC = P = MR = min.(LRAC). (x) MC = TR = PQ = AVC. (y) LRAC = PQ = TVC + TFC = MR. (z) P = Q = wL + rK = Y. Can anybody suggest me the proper explanation fo

  • Q : Total revenue and profit Monsieur

    Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he insists which customers bring their own pails as well as fill them personally. When C

  • Q : Monopsony and Marginal Resource Cost

    The labor monopsonist which doesn’t wage discriminates consists of a marginal resource cost curve [or marginal factor cost curve] which is above the labor supply curve then the firm faces as: (1) Monopsonists encompass market power in the markets for output. (2)

  • Q : Public policies to protect by limiting

    The government breakup of AT and T within various regional telephone companies and deregulating long distance services are illustrations of government: (w) enforcement of company size ceiling regulations. (x) creation of monopoly powers. (y) trying to

  • Q : Explaination of balance of payment

    explaination of balance of payment identity

  • Q : Consumption expenditure In an economy

    In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure