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If the MRP of the Last Acre of Land Hired

question 98

Short Answer

If the MRP of the last acre of land hired is lower than the rent,the firm has hired _______.


Definitions:

Triple Bottom Line

An accounting framework that incorporates three dimensions of performance: social, environmental, and financial.

Economic

Pertaining to the production, distribution, and consumption of goods and services, as well as the management of money and resources in a region or country.

Social

Relating to society or its organization, or pertaining to human interactions and relationships.

Environmental

Relating to the natural world and the impact of human activity on its condition, or the surroundings and conditions in which a person, animal, or plant lives or operates.

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