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tuggy tuggy
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7 years ago
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 a point where the marginal product of labor equals the price of labor, whereas land is rented until a point where the average product of land equals the price of land.
D) Labor is hired until a point where the average product of labor equals the price of labor, whereas land is rented until a point where the marginal product of land equals the price of land.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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7 years ago
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tuggy Author
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7 years ago
Smart ... Thanks!
7.prime7105
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Yesterday
Brilliant ツ
Fleury
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2 hours ago
this is exactly what I needed
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