Multiple Choice
Which of the following correctly identifies the characteristics of land and capital?
A) Land and capital can both be rented and owned.
B) Land is rented, whereas capital is owned.
C) Land can be owned or rented, whereas capital can only be owned by a firm.
D) Capital can be owned or rented by a firm, whereas land can only be owned by a firm.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: The following table shows the demand and
Q15: Without any change in the demand for
Q16: If the value of the marginal product
Q17: Which of the following statements is true?<br>A)
Q18: Given that the market wage rate is
Q20: If there is a decrease in the
Q21: The following table shows the output of
Q22: If the value of the marginal product
Q23: The adoption of new technologies and the
Q24: The following table shows the output of