Examlex
Which of the following refers to the increase in the usefulness of a product as the number of consumers who use it increases?
Land Rent
The price paid for the use of land or natural resources, determined by its location, productivity, and competing uses.
Interest Rate
The cost of borrowing money or the return on investment, expressed as a percentage of the amount borrowed or invested.
Labor's Share
The portion of national income or output that is allocated to workers in the form of wages, salaries, and benefits.
Interest Rate
The fraction of a loan that incurs interest charges for the borrower, usually indicated as an annual percentage of the remaining loan amount.
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