Economics

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.

  1. 👍
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  1. vadsnmv adjv

    1. 👍
    2. 👎
  2. land is a "free and nonreproducible gift of nature

    1. 👍
    2. 👎

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