Question: Contrast the following four returns on durable assets: (a) rent on land, (b) rental of a capital good, (c) rate of return on a capital
Contrast the following four returns on durable assets: (a) rent on land, (b) rental of a capital good, (c) rate of return on a capital good, and (d) real interest rate. Give an example of each.
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The rent on land is the demanddetermined price of using a factor fixed in total supply Consider a ... View full answer
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