Asked by Kanidra Stringer on Jul 23, 2024

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The rental price of land is

A) the price paid for ownership of the land.
B) the price paid for the flow of services from land over a specified time period.
C) always more than the purchase price.
D) the cost of building rental properties on land.

Rental Price

The amount of money charged for the temporary use of a good, service, or property.

Services from Land

The benefits and outputs produced by natural resources without altering their original physical state, such as agricultural production, mining, and scenic views.

Ownership

Refers to the rights that confirm the legal possession and control over property, assets, or resources.

  • Examine the correlation between output price and the leasing cost of capital machinery.
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Verified Answer

BD
Brianna DelisleJul 29, 2024
Final Answer :
B
Explanation :
The rental price of land refers to the price paid for the use or the flow of services from the land over a specified time period, not the purchase price or costs related to building on the land.