For the first 209 crane operators, the economic rent earned in the initial equilibrium condition is:

a) $70,000

b) $80,000

c) $10,000

d) $51,000

e) $100,000

Question

Business

Savion Wall

2 May, 16:17

For the first 209 crane operators, the economic rent earned in the initial equilibrium condition is:

a) $70,000

b) $80,000

c) $10,000

d) $51,000

e) $100,000

+1

Answers (1)

Know the Answer?

Elsie Dudley · Answer 1

e) $100,000

Explanation:

Generally, in an economic system, the curve of demand and supply will determine the economic pay rent. The economic pay rent will definitely increase in the first sets of crane operators such as 209 with an economic rent of $100,000. Therefore, we can conclude that the number of crane operators present in the economic system also influence the economic rent.

For the first 209 crane operators, the economic rent earned in the initial equilibrium condition is:a) $70,000b) $80,000c) $10,000d) $51,000e) $100,000

For the first 209 crane operators, the economic rent earned in the initial equilibrium condition is:

a) $70,000

b) $80,000

c) $10,000

d) $51,000

e) $100,000