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Exhibit 29-4 ​

Question 194

Multiple Choice

Exhibit 29-4
​
Exhibit 29-4 ​ -Refer to Exhibit 29-4. At the equilibrium point shown, what is the pure economic rent on land? A) Q<sub>1</sub> x (R<sub>1</sub> - T) B) Q<sub>1</sub> x R<sub>1</sub> C) Q<sub>1</sub> x (R<sub>1</sub> + T) D) 0
-Refer to Exhibit 29-4. At the equilibrium point shown, what is the pure economic rent on land?


A) Q1 x (R1 - T)
B) Q1 x R1
C) Q1 x (R1 + T)
D) 0

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