[Solved] All of the Following Statements,except One,concerning the Concept of Economic

Question 98
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All of the following statements,except one,concerning the concept of economic rent are correct.Which is the exception?


A)The more inelastic the supply of a factor,the more economic rent that factor earns.
B)A factor that has a perfectly inelastic supply will earn no transfer earnings.
C)It is possible for a factor to receive both economic rent and transfer earnings.
D)If we assume that land has only one use,such as agriculture,then all of its return is economic rent.
E)The higher the transfer earnings of a factor,the higher its economic rent will be.

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