Which statement is true? a) All land has the same economic value. b) The most important factor

Question:

Which statement is true?

a) All land has the same economic value.

b) The most important factor affecting rent is location.

c) The economic value of a plot of land is determined exclusively by the raw materials it contains.

d) None of the above.

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Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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Which statement is true? a) All land has the same economic value. b) The most important factor

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Microeconomics

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