The equilibrium rental income paid to landowners at any point in time equals the
a. purchase price of land.
b. value of the marginal product of land.
c. marginal product of land.
d. wage paid to laborers.
b
Economics
You might also like to view...
If a firm is able to influence its price,
A) it is a monopoly. B) it has constant marginal revenue. C) it sells its output at a constant price. D) it faces a downward-sloping demand curve.
Economics
The Monetarists advocate the monetary rule in order to stabilize the business cycle which states that the money supply should be increased by a constant rate year after year
a. True b. False Indicate whether the statement is true or false
Economics