A fashion model earns $100 000 a year. The highest-paid alternative job she could obtain is a teaching job at $60 000 a year. Determine her transfer earnings and her economic rent.
- Atransfer earnings $60 000; economic rent zero
- Btransfer earnings $60 000; economic rent $40 000
- Ctransfer earnings $100 000; economic rent zero
- Dtransfer earnings $100 000; economic rent $40 000