Different rents on land reflect differences in the marginal revenue product of land.

Name: Different rents on land reflect differences in the marginal revenue product of land.
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Different rents on land are due to variations in the marginal revenue product of land, which is the additional revenue generated from using an extra unit of land. Land with higher productivity or better location can generate more revenue, leading to higher rents.

Different Rents on Land Reflect Differences in the Marginal Revenue