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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
Theory of Rent 217
3. ‘From the point of the view of the industry or of society as a whole [economic rents] are price
determined’, not price determining
8
.
e modern view is a very slippery one. If applied to the real-life situations, numerous diculties are
encountered. For example, suppose that a business manager is earning Rs 90,000 a month in a company
and, in his own business, he expects to earn only Rs 80,000 a month. His economic rent is Rs 10,000 a
month. But his employer, the rm, does not consider only Rs 10,000 as his monthly cost on a manager.
RENT CONTROLS: AN APPLICATION OF RENT THEORY
Controlling rent on land and building, i.e., ...
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Publisher Resources

ISBN: 9788131797655