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Author Question: Long-run economic rent or profit do not exist for fixed factors like land because A) bidding ... (Read 51 times)

lindiwe

  • Hero Member
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  • 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
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  • Posts: 344
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


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