In a factor market, economic rent is defined as

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    the amount that buyers are willing to pay for an input less the accounting cost of supplying the input to the market.
     payments made to a factor of production that is a nonrenewable resource.
     the contracted price of an input that does not fluctuate with changes in the market.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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None of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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