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Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 1
How does the economist's use of the term "rent" differ from everyday usage? Explain: "Though rent need not be paid by society to make land available, rental payments are useful in guiding land into the most productive uses." L01
Explanation
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In economics, rent describes the price p...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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