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Which of the following is a term used to describe a payment representing a surplus in ...
Classroom
Economics Classroom
Jamb
Jamb 1978
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Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Interest rates
B
Opportunity costs
C
Economic rent
D
Indirect costs
E
Wages
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Correct Answer:
Option C
Explanation:
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