Exhibit 29-4 ​ Refer to Exhibit 29-4. at the Equilibrium Point Shown, What

Exhibit 29-4 ​

Refer to Exhibit 29-4. At the equilibrium point shown, what is the pure economic rent on land?

A) Q₁ x (R₁ - T)
B) Q₁ x R₁
C) Q₁ x (R₁ + T)
D) 0