Economics · Theory of Factor Pricing and Rent
The economic rent earned by any factor of production will be at its maximum (equal to total earnings) when the elasticity of supply of the factor is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Equal to zero (perfectly inelastic)✓
- 2Less than one
- 3Equal to one
- 4Greater than one
Correct answer
Equal to zero (perfectly inelastic)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Theory of Factor Pricing and Rent MCQs →Want more practice questions on Theory of Factor Pricing and Rent?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Theory of Factor Pricing and Rent