Supermodel Linda Evangelista has been quoted as saying, "[I] don't wake up for less than $10,000 a day." If Ms. Evangelista is paid $15,000 for her next daylong photo shoot, then

A. she is receiving economic rent to labor equal to $5,000.
B. she is being paid $15,000 to cover her opportunity cost.
C. the entire $15,000 would be considered economic rent to labor.
D. the first $10,000 she receives is economic rent to labor and the next $5,000 is more economic rent.


Answer: A

Economics

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