To say that land rent performs no incentive function means that
A) higher rental payments will not bring forth a larger quantity of land.
B) rent is not a cost to specific firms, but it is a cost from the standpoint of the economy as a whole.
C) rent does not allocate land in terms of productive efficiency.
D) rent tends to allocate land into the most productive uses.
Correct Answer:
Verified
Q7: Which of the following is correct?
A) Although
Q8: In his book Progress and Poverty, Henry
Q9: The demand for farmland will increase if
A)
Q10: The marginal revenue product (MRP) of land
Q11: Economic rent, or pure rent, is
A) a
Q13: Which of the following statements is correct?
A)
Q14: The rent paid for the pasture land
Q15: The marginal revenue product (MRP) of land
Q16: A unique characteristic of taxes on economic
Q17: Landowners will not receive any rent so
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