Any payment to a factor of production in excess of what is necessary to keep…

Any payment to a factor of production in excess of what is necessary to keep that factor in its present employment is known as?
  • A.
    real income
  • B.
    profit
  • C.
    economic rent
  • D.
    real wage
Correct Answer: Option C
Explanation
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In the diagram, O is the centre of the circle, In the diagram, O is the centre of the circle, o, A. 110o B. 100o C. 80o D. 70o Correct Answer: Option B Explanation 3x = 2 x 60 = 2y (Angle at centre = 2 x angle at circumference) 3x = 2 x 60 x = (frac{2 times 60}{3}) = 40o 2 x 60 = 2y y = 60o x + y = 40 + 60 = 100o `, props: [‘comment’], data() { return {} }, methods: {} }) {{ reply.posted_by.display_name }}:   {{ reply.created_at }} `, props: [‘comment’, ‘reply’, ‘rate_selection’, ‘token’], data() { return {} }, methods: {} })

In the diagram, O is the centre of the circle, o, A. 110o B. 100o C. 80o D.…
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