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Elina [12.6K]
3 years ago
5

Supermodel Linda Evangelista has been quoted as saying. "l] don't wake up for less than $20,000 a day." If Ms. Evangelista is pa

id $25,000 for her next daylong photo shoot, then 1) she is being paid $25,000 to cover her opportunity cost.2) the entire $25,000 would be considered economic rent to labor.3) she is receiving economic rent to labor equal to $5,000.4) the first $15,000 she receives is economic rent to labor and the next $5,000 is more economic rent.
Business
1 answer:
Amanda [17]3 years ago
7 0

Answer:

she is receiving economic rent to labor equal to $5,000

Explanation:

See attached file

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Is easier to train new employees.

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Job specialization involves the process of training individuals to acquire adequate education and expertise in a specific area so they would be able to perform the task excellently well thereby leading to high productivity and growth of the organisation.

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