What is an economic rent

An 'Economic rent' can be broadly defined as income derived from ownership or control over a limited asset or resource. Such income is attained without any expenditure or effort on behalf of the resource holder or in excess of their opportunity cost.

Step-by-step explanation:

1. Search up "Economic Rent" on your browser

Information found on:

https://www.ucl.ac.uk/bartlett/public-purpose/research/economic-rents#:~:text='Economic%20rent'%20can%20be%20broadly,excess%20of%20their%20opportunity%20cost.

Hope this helps!

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.

1. x> -5

2. x< 8

step-by-step explanation:

1. 2x> -10

divide by 2 from both sides of equation.

2x/2> -10/2

simplify, to find the answer.

-10/2=-5

x> -5 is the correct answer.

2. 3x< 24

divide by 3 from both sides of equation.

3x/3< 24/3

simplify, to find the answer.

24/3=8

x< 8 is the correct answer.

i hope this you, and have a wonderful day!