The equilibrium purchase price of land or capital depends on which of the following?
(i) the current value of the marginal product
(ii) the expected future value of the marginal product
(iii) the price of the final good that is being produced by the given factor
A) (i) and (ii)
B) (ii) and (iii)
C) (i) and (iii)
D) (i) , (ii) and (iii)
Correct Answer:
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