The rent on a particular piece of land is based on ________. a) the supply of land

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The rent on a particular piece of land is based on ________.

a) the supply of land

b) the buildings located on that land

c) the MRP schedule of the highest bidder

d) the MRP schedule of the lowest bidder

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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The rent on a particular piece of land is based on ________. a) the supply of land

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Answer The rent on a particular piece of land is based on c the MRP Marginal Revenue Pr...View the full answer

Microeconomics

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