| John an apprentice, engineer, and amateur trumpet player, was earning ₦30 per week before accepting Full-time employment in a top orchestra, for which he now receives ₦150 per week. ₦120 of his current weekly earnings can be described as? |
A. marginal physical productivity
B. marginal income productivity
C. consumer’s surplus
D. economic rent
Correct Answer: Option D
D. economic rent
Explanation
Economic rent is a surplus arrived at by deducting marginal product and opportunity cost.
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
Co-Ownership Structures and Land Acquisition Methods in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
Rights in Community Land and Fundamental Land Concepts in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
Customary Land Control and the Origins of Nigeria's Land Use Act
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
Land Ownership Principles and Transaction Laws in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
Copyright warnings! Do not copy.
![A carpenter on top of a roof of 20.0m high dropped a hammer of mass 1.5kg and it fell directly to the ground. the kinetic energy of the hammer just before hitting the ground is? [g = 10 ms−²]](https://erudites.ng/wp-content/plugins/contextual-related-posts/default.png "A carpenter on top of a roof of 20.0m high dropped a hammer of mass 1.5kg and it fell directly to the ground. the kinetic energy of the hammer just before hitting the ground is? [g = 10 ms−²]")