« previous next »

Author Question: Long-run economic rent or profit do not exist for fixed factors like land because A) bidding ... (Read 57 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?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

If sociologists were to study land diving on Pentecost Island in Vanuatu, they could use a variety ... If sociologists were to study land diving on Pentecost Island in Vanuatu, they could use a variety ...
Risk Factors for Developing Breast Cancer Risk Factors for Developing Breast Cancer
Factors in Food Security Factors in Food Security
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Expansion factors for venturi flowmeters Expansion factors for venturi flowmeters
economic question economic question
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library