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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Supermodel Linda Evangelista has been quoted as saying, "[I] don't wake up for less than $10,000 a day." If Ms. Evangelista is paid $15,000 for her next daylong photo shoot, then
she is being paid $15,000 to cover her opportunity cost.
the first $10,000 she receives is economic rent to labor and the next $5,000 is more economic rent.
the entire $15,000 would be considered economic rent to labor.
she is receiving economic rent to labor equal to $5,000.
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