Quasi rent is the reward to a factor of production which is
A. Economic rent in the short run but transfer earnings in the long run.
B. Transfer earnings in the short run.
C. Transfer earnings both in the short and long run.
D. Economic rent both in the short and long run.
Answer:A
Quasi rent is the reward to a factor of production which is
A. Economic rent in the short run but transfer earnings in the long run. B. Transfer earnings in the short run. C. Transfer earnings both in the short and long run. D. Economic rent both in the short and long run.