To an Individual Firm or Landowner, Land Rents Do Not

Multiple Choice

To an individual firm or landowner, land rents do not appear to be a surplus because

A) land is a productive resource, like the other resources.
B) a given parcel of land has alternative uses, and rent represents a real cost of production.
C) they do not understand that the supply of land, in total, is perfectly inelastic.
D) landowners are, politically and economically, a powerful and well-organized group.