« previous next »

Author Question: Long-run economic rent or profit do not exist for fixed factors like land because A) bidding ... (Read 15 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
on: Jul 1, 2018
Long-run economic rent or profit do not exist for fixed factors like land because
 
  A) bidding drives up the price of the factor until no economic rent exists.
  B) there is no market for such factors.
  C) these factors have L-shaped isoquants.
  D) these factors will earn economic profits.

Question 2

A problem with the TANF program's predecessor AFDC was that it was strictly means-tested.
 
  a. True b. False


matt

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Long-range forecasts Long-range forecasts
Indicators of Economic Development Indicators of Economic Development
Land/Water Interactions Land/Water Interactions
Economic Globalization Economic Globalization
A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ... A farmer has 100 acres of land on which she plans to grow wheat and corn. Each acre of wheat ...
economic question economic question
Video: Female Reproductive System - Hormonal regulation (GnRH) الجهاز التناسلي للأنثى - التنظيم الهرموني

For a complete list of videos, visit our video library