Explain how does the economist''s use of the term rent

Reference no: EM1348011

Q. Some people claim that the "economic way of thinking" does not apply to issues such as health care. Explain how economics does apply to this issue by developing a "model" of an individual's choice.

Q. Explain how does the economist's use of the term rent differ from everyday usage? Explain: "through rent need not be paid by society to make land available, rental payments are very useful in guiding land into the most productive use."

Reference no: EM1348011

Questions Cloud

Compute the probability of a water molecule : A water molecule can vibrate in various ways, but the easiest kind of vibration to excite is the "flexing" mode in which the hydrogen atoms move toward and away from each other by HO bonds do not stretch.

Leverage business intelligent-create meaningful information : Include how we can leverage business intelligent to create meaningful information and decision making systems to help keep cost and profits.

Management and leadership-defining relationship : What are the roles of individuals in the above scenarios? Are they managers, leaders, or both? What distinguishes management from the leadership and managers from leaders? The nature of relationship between leadership and management remains a top..

Improving the organizations financial position : The purpose of the Session Long Project is to give you the opportunity to explore the applicability of the Module to your own life, work, and place in space and time,

Explain how does the economist''s use of the term rent : Explain how does the economist's use of the term rent differ from everyday usage.

Impact of compensation on organizational performance : Discuss the impact of compensation on organizational performance and do we have any evidence that there is any impact

Write names and e-mail addresses from database : Suppose a database has tables given below. Write the names and e-mail addresses for all customers who have had stove repair which cost more than $50.

Determine sources of operating and financial leverage : You have created the given income statement for the Hugo Bass Company. It represents the most recent year's operations, which ended by tomorrow.

Relevant and sunk costs : Karen's Cookie Company is considering replacing its giant cookie mixer with the new one. The following data has been compiled to measure the function:

User Account

All Pages