The equilibrium rental income paid to landowners at any point in time equals the

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The equilibrium rental income paid to landowners at any point in time equals the value of the marginal product of land. This is because the value of the marginal product represents the additional output produced by the last unit of input (in this case, land) added to the production process, and the equilibrium rental income is the payment made to landowners for the use of their land in the production process.

The Equilibrium Rental Income Paid to Landowners at Any Point