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justus:

Athena Sheraton is celebrity look-alike. She gets paid $100,000 per year to go to parties and other events and pretend she is the celebrity she looks like. Unfortunately, Athena has no real employable skills outside of her celebrity-look alike abilities. If she couldn't do the celebrity look-alike gig, she would be flipping burgers at minimum wage and earning $10,000 per year. a. All of Athena's income is economic rent. b. $100,000 of Athena's income is economic rent. c. We can't figure economic rent from this information. d. $90,000 of Athena's income is economic rent. e. None of her income is economic rent.

justjm:

ER = MP - Oc In 1 year Oc=10,000 MP=100,000

justus:

thank you

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