This website uses cookies to ensure you have the best experience. Learn more

Rent Essay

394 words - 2 pages

Definition of Rent
In ordinary sense the term rent refers to the hiring charges paid to the owner of an asset for using his right of ownership for a specific period of time. In economics the term rent is called economic rent. It is defined as “That part of the payment by the tenant, who is made only for the use of land i.e. free gift of nature”. In economics rent is mainly related to agriculture and is mainly distinguished as economic and contact rent.

Economic Rent and Contact Rent
Some times the agriculturist tenant makes the payment which ...view middle of the document...

The amount which factor can earn in its next best paid alternative use called transfer earning. In this sense if the factor is earning above its transfer earnings, the surplus or excess earnings is called economic rent.

Quasi Rent
Quasi Rent
The concept of Quasi rent was first introduced by Marshal according to him, quasi rent is a surplus earned by investments of production other then land. It is the income derived from appliances and machines, which are the product of human effort. Quasi rent stands for whole of the income, which some agents of production yield when demand for them is suddenly increased. It is earned during a period that their supply cannot be increased in response to increase in demand for them. Hence it is a short period concept. It has also been defined as the excess of total revenue earned in the short run over and above the total variable costs. QUASI RENT = TOTAL REVENUE – TOTAL VERIABLE COST The concept of quasi rent can be understood with the help of an example. At the time of independence of Pakistan, the demand for houses increased due to sudden increase in population but the supply could not be increased due to the scarcity of building material. The abnormal increase in the return on capital invested in capital (building) is quasi rent.

Other assignments on Rent

Car Rental System Literature Review

278 words - 2 pages The car rental company EU-Rent has 1000 renting branches and 200,000 cars in towns all over Europe. At each branch cars, classified by car group, are available for rental. Each branch has a manager and booking clerks who arrange rentals and reservations for future rentals. Cars rented from one branch of EU-Rent may be returned to any other branch. The rental period and the car group are specified at the time of reservation. The renting branch

Pc Depot Case Essay

1125 words - 5 pages Exhibit 1 | General Journal | | | | | | | | | Entry | | Amount | | Number | Account | Dr. | Cr. | | | | | | | (1) | Cash | 165,000 | | | | Bank Loan Payable (15%) | | 100,000 | | | Proprietor's Capital | | 65,000 | | | | | | | | | | | | | Owner invested cash in the business of which $100,00 came from a Bank Loan. | | | | | | (2) | Rent Expense (September


276 words - 2 pages Exercise 1-10 The following item in Flip flop Sandals Financial statements will either appear or will not appear: 1. Accounts receivable: - appears 2. Capital stock: - does not appear 3. Cash : -appears 4. Fees earned: - does not appear 5. Rent expense: - appears 6. Salaries expense: - does not appear 7. Salaries payable:- appears 8. Supplies: appears 9. Supplies

Porters Five Forces

335 words - 2 pages now have the freedom to choose multiple different ways to rent their movies, whether it is from an online streaming service such as Amazon Prime, a movie rental kiosk like Redbox, or an old fashioned brick and mortar store. Because of this, I believe that the movie rental industry would be interesting to evaluate using the Porter’s Five Forces Model. Buyer power in the movie rental industry is extremely high right now. This means that consumers

Home Made

334 words - 2 pages margin. All these formulas were my favorite part; it showed step by step of an easy way to making a short term decision. And also the fixed costs are salary, utilities, depreciation, rent, and admin. But in this case salary is a voidable fixed cost, because after the product was designed, that means the designers’ job is done, therefore the salary is not considered as a fixed cost anymore and the rest such as; utilities, depreciation, rent, and

Kraft Project

308 words - 2 pages their products that are taken from natural sources and cost effective so that both consumer & company enjoys competitive price products. Placement: Kraft Foods have a strong delivery scheme with more than 316 allocation middle and storehouse globally. Out of these 316, the company owns 39 supply centers and rent 125 sharing centers. Along with this, the company also owns three storehouses and rent 149 depots universal. Krafts take on a diversified allocation and customer consciousness system. The majority of their allocation systems is in the Northern American ring going after storehouse transport systems. Promotion: Kraft products market...


7042 words - 29 pages the advantage of being 19 | Page Movie Renters In the past few years, researchers have studied the spending habits of DVD rental users. In general, Americans who rent movies more often are more likely to see films within the first two weeks of release (37). Simmons went on to report that from those who watch movies in the first two weeks, they will then rent from Blockbuster, Hollywood Video, and Netflix (37). Redbox, in

Car Rental

834 words - 4 pages ONLINE VEHICLE RESERVATION AND RENTAL SYSTEM CHAPTER 1 INTRODUCTION The advantage of having a car is that you can travel anywhere you want at any time without having to transfer from one vehicle to another. But it is not easy for an individual to have a car. Mainly because all cars are expensive and not affordable. That’s why some organizations offer a rent a vehicle service. Customers can call or walk-in in order to rent or reserve a

Drop Out

648 words - 3 pages substance abuse. The most common causes of dropping out are money, family, and time management. Money or lack of it is a reason to drop out of the school. Once you become a student, you will need money for tuition of the school. My rent is $1,000 per month for a three bedroom apartment. This monthly rent doesn't include the utilities, that is, the electric light, cooking gas, internet service which I used for homework and research. All these services

Ballad Of The Landlord

334 words - 2 pages frustrated African-American tenant who lives in a Harlem apartment which is owned by an Caucasian landlord. The reason the African-American tenant is upset, is because he is lives and paying rent in an apartment that is slowly breaking down. He seeks to his landlord to fix his the issues in his apartment but they are ignored. The tenant becomes further frustrated when his landlord claims that he owes 10 dollars in rent. When he refuses to pay the

Fact Finding Mission

1031 words - 5 pages which will amount to $200.00. (b) The second option will be rent a shop in Lagos, Port Harcourt or Onitsha and employ someone who will manage the shop but will be overseen by Alex-kingsley Global Ventures. Renting a shop goes for =N=15,000.00 - =N=20,000.00 and an upfront payment of two years. Name of store for option b will be “Baby’s Place’’ – A division of Alex-kingsley Global Ventures. Either with options (a) or (b), an agreement has to be

Similar Documents

Enterprise Rent A Car Case Essay

723 words - 3 pages Case Study MEMO to: | Audrey Redford, BECO 4310--002 | from: | Lauren Estrada | date: | February 13, 2015 | RE: | Enterprise Rent-A-car | | | There is an industry motto that states, “there are two types of car rental companies. Those who lose money and Enterprise”. Enterprise Rent-A-Car was started in 1957 in St. Louis, Missouri by Jack Taylor. Taylor founded the company offices in neighborhoods, and not at airports, because he

Monopolistic Competition: Retail Industry Essay

663 words - 3 pages New York Apartment Price Controls – An Article Review Rent controls began in New York City in November 1943, when rent for all units in the city were frozen at their March 1943 levels as part of the U.S. Emergency Price Act of 1942 (Gyourko & Linneman, 1990). The price controls were altered by Federal Housing and Rent act of 1947, exempting units built after February 1947 from all future controls; New York City continued to price

Regression Basics Essay

461 words - 2 pages 2 Size 850 1450 1085 1232 718 1485 1136 726 700 956 1100 1285 1985 1369 1175 1225 1245 1259 1150 896 1361 1040 755 1000 1200 Rent 950 1600 1200 1500 950 1700 1650 935 875 1150 1400 1650 2300 1800 1400 1450 1100 1700 1200 1150 1600 1650 1200 800 1750 A real estate company in downtown Miami would like to be able to predict the monthly rental cost for apartments, based on the size of the apartment, as defined by square footage. A sample of 25

Principles Of Taxation Unearned Income Essay

465 words - 2 pages : Pension - optional retirement | 3,000 | Annuity paid by Bening Insurance Bhd, a Malaysian life insurer | 9,000 | Malaysian dividend, net | 14,400 | Royalties from musical composition | 23,000 | Interest on fixed deposits with Maybank for 15 months' tenure | 16,000 | Mr Rozmi owns a service apartment, which is let out for rent. The statement of income and expenditure for the year ended 31 December 2001 is as follows: Rent received