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December 20, 2014

Homework Help: Economics

Posted by Kathy on Monday, December 10, 2012 at 5:10pm.

The marginal revenue product (MRP) of land declines as more land is brought into production because:

A.land is a "free and nonreproducible gift of nature."

B.of diminishing returns.

C.land rent has no incentive function.

D.the supply of land is fixed.

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