What is the equilibrium rental income paid to landowners at any point in time

Question

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The equilibrium rental income paid to landowners at any point in time is determined by the value of the marginal product of land. This means that the rental income will be equal to the additional value that an extra unit of land brings to production. This is because land is a fixed factor of production and the value of the marginal product of land will decrease as more land is added, resulting in a lower rental income.

What Is the Equilibrium Rental Income Paid to Landowners at Any