Choose the Correct Statement

question 54

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)None of the above statements are correct.

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Definitions:

Skinner's Theory

A behaviorist theory developed by B.F. Skinner that emphasizes the role of reinforcement and punishment in shaping behavior.

Heritage

Heritage refers to the cultural legacy, traditions, practices, and artifacts passed down from previous generations, shaping individual and collective identity.

Social Events

Occasions or gatherings where people interact for various personal, professional, or community reasons.

Primary Reinforcers

Fundamental stimuli that satisfy biological needs, such as food, water, and warmth, which are innately satisfying without prior learning.