The equilibrium purchase price of an acre of land depends upon the current value of the marginal product of land and upon the __________

A firm's principals are its

A) shareholders. B) management. C) values. D) customers.

Compared to a competitive input market, a monopsonist will hire:

a. more and pay a higher input price. b. less but pay a higher input price. c. more but pay a lower input price. d. less and pay a lower input price.