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If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call: a. normal profits b. interest payments c. …

If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call: a. normal profits b. interest payments c. …
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If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:

a. normal profits

b. interest payments

c. economic rent

d. abnormal profits

asked
User Marte
by
8.1k points

1 Answer

5 votes
The answer is C: economic rent
answered
User Noah Tran
by
8.2k points
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