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Demand and Supply MCQs

A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as

September 27, 2022
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A factor of production, whose supply is fixed in the short run

Q.       A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as:

  1. Surplus value       
  2. Quasi-rent
  3. Transfer earnings             
  4. Supernormal profit

Answer: Quasi-rent

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