Ayushi Asked a Question
August 10, 2020 5:56 pmpts 30 pts
43. The factors of production with perfectly inelastic supply earns (1) Economic Rent (2 Quasi Rent (3 Opportunity Rent (4) Transfer Rent
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  • Nidhi taparia Best Answer
    The answer should be (2) Quasi rent. Because quasi rent arises out of factors that are fixed in supply like land and machinery. These factors have inelastic supply.
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