Question

Suppose Jon Stewart of the ʺDaily Showʺ makes an annual income of $1,000,000. If he quit his television job and went into producing he could make $400,000 per year. Jon Stewartʹs annual economic rent to labor is

A) $1,400,000.

B) 1,000,000.

C) $400,000.

D) $600,000.

Answer

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