Multiple Choice
Which of the following is correct?
A) Although land has no production cost from society's viewpoint, rental payments are costs to individual producers.
B) Land rent is not a cost to either society or individual producers.
C) Although land rent is a cost from society's viewpoint, it is not a cost to individual producers.
D) Land rent is a cost to both society and individual producers.
Correct Answer:
Verified
Correct Answer:
Verified
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