Solved

If, in Response to a Growing Demand for Food, Farmers

Question 109

Multiple Choice

If, in response to a growing demand for food, farmers create productive acreage by draining swamps,


A) the supply curve of land will be vertical
B) these new acres will generate the largest rents of all acreages
C) the MRP of land will increase
D) all land will earn zero rents because of competition
E) differential land rents will result

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents