Define "supply price" of a factor.

Define "transfer earnings" of a factor.

What is economic rent?

What 2 things are required to earn economic rent?

What is Quasi-Rent?

What is a specific factor of production?
Non-specific factor of production?

Can non-specific FoP make transfer earnings?

What type of demand is the demand for FoP?

Explain Marginal Physical Product (MPP) of a FoP

Explain Marginal Revenue Product (MRP) of a FoP

What law does MPP depend on?

The demand curve of a factor is also...

In order to supply any good or service, a firm needs...