Question: 1. Define pure economic rent. 2. Explain why the supply curve of land can be upwardsloping when there is a fixed quantity of land in

1. Define pure economic rent.
2. Explain why the supply curve of land can be upwardsloping when there is a fixed quantity of land in the world.
3. Define artificial rent.
4. Define real rent.
5. Explain which type of rent is associated with socially productive behavior.

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