The Total Supply of Land Is

question 78

Multiple Choice

The total supply of land is

• A)upsloping.
• B)perfectly elastic.
• C)perfectly inelastic.
• D)greater in the short run than in the long run.

---

Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated as the return from an investment relative to its cost.

Performance Measure

Metrics or indicators used to evaluate, compare, and track the efficiency, effectiveness, and progress of an organization or its components.

Investment Turnover

A measure of a company's efficiency in generating sales from its assets, calculated as sales divided by the average invested assets.

Operating Income

A company's profit after subtracting operating expenses, such as wages and cost of goods sold, but before deducting interest and taxes.