Exhibit 30-4

-Refer to Exhibit 30-4.If a per acre tax,T,is imposed on land use,the pure economic rent on land will

Name: Exhibit 30-4 -Refer to Exhibit 30-4.If a per acre tax,T,is imposed on land use,the pure economic rent on land will
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Question

Exhibit 30-4
 
-Refer to Exhibit 30-4.If a per acre tax,T,is imposed on land use,the pure economic rent on land will

Quizplus · Accepted Answer

Imposing a per acre tax on land use will increase the costs of using land, reducing the amount of economic rent generated by the land. Therefore, the pure economic rent on land will decrease.

Exhibit 30-4 -Refer to Exhibit 30-4.If a Per Acre Tax,T,is Imposed on Acre