Which of the Following Statements Correctly Identifies a Difference Between

Multiple Choice

Which of the following statements correctly identifies a difference between labor and land?

A) Land can be rented but not owned by a firm, whereas labor can be rented or owned.
B) Labor can be rented but not owned, whereas land can be rented or owned by a firm.
C) Labor is hired until the marginal product of labor equals the price of labor, whereas land is rented until the average product of land equals the price of land.
D) Labor is hired until the average product of labor equals the price of labor, whereas land is rented until the marginal product of land equals the price of land.