Refer to the Diagrams

question 28

Multiple Choice

Refer to the diagrams. Assume that only wheat can be grown on the three grades of land shown in Figures (a) , (b) , and (c) . Also assume that identical amounts of labor, capital, and other needed inputs are used in farming each grade of land. On the basis of these three figures, we

• A)the land shown in both Figures (a)and (b)is a "free good."
• B)the land shown in Figure (a)only is a "free good."
• C)the land shown in all three figures is a "free good."
• D)land is not a "free good" in any of the three figures.

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