Question

What is transfer earning?
Please write for 2 marks

Answer 1

Hello Mate,

Transfer earnings are the minimum payment required to keep a factor of production in its present use. It is the opportunity cost an individual forgoes when deciding to work in one job rather than the next best alternative.

Hope this helps you

Answer 2

Answer:

transfer earning is a minimum payment required to keep a factor of production in its present use

Explanation:

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