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14-11-2019
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Economic rent is defined as the Question 2 options: amount by which the payment to a factor of production exceeds the supplier's opportunity cost. amount landlords charge to tenants. difference between total revenue and implicit costs.

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ewomazinoade ewomazinoade

15-11-2019

Answer:

amount by which the payment to a factor of production exceeds the supplier's opportunity cost.

Explanation:

Economic rent is payment to a factor of production that exceeds the cost of using the factor of production.

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