Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pbjt pbjt
wrote...
Go to Answer
Posts: 302
Rep: 0 0
5 years ago
Suppose a farmer in a perfectly competitive agricultural industry rents land that is uniquely productive in the production of a certain crop. In the long run,
A) the owner of the land receives economic rent while the farmer earns zero economic profit.
B) the owner of the land earns zero economic profit while the farmer receives economic rent.
C) both the farmer and the owner of the land receive economic rent.
D) neither the farmer nor the owner of the land receive economic rent.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 47 times
1 Reply
Replies
Answer verified by a subject expert
julieglossbrennjulieglossbrenn
wrote...
#1
Posts: 156
Rep: 125 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pbjt Author
wrote...

5 years ago
this is exactly what I needed
bahajo
wrote...

Yesterday
Thanks for your help!!
spaghetti
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1114 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 129
  
 142
  
 230
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Should Ph.D.'s be addressed as doctors?