Choose the Correct Statement

question 69

Multiple Choice

Choose the correct statement.

• A)The quantity of land demanded cannot be changed by people's decisions.
• B)The supply of each particular block of land is perfectly inelastic.
• C)The lower the rental rate,other things remaining the same,the smaller is the quantity of land demanded.
• D)Profit-maximizing firms rent the quantity of land at which the value of marginal product of land is equal to the quantity of land demanded.
• E)The supply of land is based on the value of marginal product of land.

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Definitions:

Affiliate Company

An entity that is controlled by or is under common control with another company, typically through ownership or influence.

Comparative Balance Sheet

Financial statements that present the financial position of a company at different points in time, side by side, to facilitate comparison.

Cash Flow Statement

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, and all cash outflows that pay for business activities and investments during a given period.

Investments Account

An account that holds securities, bonds, stocks, or other financial assets in the interest of an investor.