Refer to the table, in which the values for columns (2) through (5) are in acres. If the relevant columns are (1), (2), and (3), land rent will be:
A. $100 per acre.
B. $200 per acre.
C. $300 per acre.
D. $400 per acre.
B. $200 per acre.
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If a number equal to the mean (average) of a series of observations is added to the series, the new mean is:
A) greater than the original mean. B) smaller than the original mean. C) same as the original mean. D) either greater or smaller than the original mean depending on the number of observations in the series.
The government's role in a developing country is important during the country's development process because building social overhead capital
A. cannot be taken on by the private sector. B. can only be financed by the private sector. C. can only be achieved in a developing country. D. requires a joint venture between the public and private sectors.