Multiple Choice
In the factor market for land,equilibrium rental prices will be _____ the value of marginal product of land.
A) less than
B) equal to
C) greater than
D) unrelated to
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q147: Now that Naila has her bachelor's degree,she
Q148: Above-equilibrium wages paid by some employers as
Q149: The labor demand curve in a perfectly
Q150: In the labor market,households supply labor and
Q151: Which statement describes a compensating differential?<br>A)Tiger Woods
Q153: When interferences in the labor market raise
Q154: The marginal productivity theory of income distribution
Q155: In the labor market,households demand labor and
Q156: When labor is hired in a competitive
Q157: A person's optimal labor supply choice:<br>A)is similar