Which of the following individuals would you expect to have a high level of economic rent. and which would you expect tohave a low level of economic rent? Explain why for each (See pages 482—483.)a. Emily quit high school at age 17, and she has since worked for several years as a waitress in fast-food restaurants. b. Demetrius earned a PhD. in financial economics. and he is among a handful of experts who specialize in assessing thevalues of highly complex securities traded in bond markets. c. Xin was a child prodigy on the violin, and after years of developing her skills, she is now rated among the most talentedperforming violinists in the world.