Asked by Mikerlange Charles on Jun 16, 2024
Verified
The rent on marginal land is _____________.
Marginal Land
Land of little agricultural value because inputs of labor and capital produce relatively low outputs of crops or livestock.
- Grasp the economic principles and factors influencing land rent, including the concept of marginal land.
Verified Answer
RC
Learning Objectives
- Grasp the economic principles and factors influencing land rent, including the concept of marginal land.