Question

pls can you help me to find example for economic rent

Answer 1

Example is, imagine that a company really needs a bilingual employee that speaks Spanish so it can better communicate and serve a specific segment of its clients. The company hires someone after several interviews and pays him $18 an hour to get started as soon as possible. The new bilingual employee would have taken $15 an hour. The $3 difference is the economic rent received by the employee.
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