--%>

Words of Johann H. von Thünen about economic rent

The theory about land derives its value primarily by how much its location conserves on transaction costs is attributable to: (a) Johann H. von Thünen. (b) Adam Smith. (c) Richard Cantillon. (d) David Ricardo. (e) Reverend Thomas Robert (“Bob”) Malthus.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Problem on purchasing newly-issued

    Can someone please help me in finding out the accurate answer from the following question. The individual who purchases a newly-issued corporate bond is: (i) Borrowing money from corporation. (ii) Lending money to corporation. (iii) Purchasing a share of corporation.

  • Q : Problem on Vertical Integration Can

    Can someone please help me in finding out the accurate answer from the following question. When an aluminum producer as well mined bauxite ore (employed in aluminum production) and manufactured beer cans, it will be: (i) The diagonal partnership. (ii) Vertically integ

  • Q : Stable Competitive Economy Into a

    Into a stable competitive economy without innovation, transaction, or uncertainty costs, all accounting profits would be: (w) pure economic profits. (x) payments required to secure owner-provided resources. (y) pure e

  • Q : Enter an industry by barriers to entry

    Barriers to entry: (w) make this complicated or impossible for new firms to profitably enter an industry. (x) uniformly violate U.S. antitrust statutes. (y) are fundamentally technological instead of economic. (z) stimulate aggressive competition.

  • Q : Prevent entry and set production A

    A strategy probable to make a cartel successful would be for cartel members to: (w) give slightly differentiated outputs. (x) stagger the amounts by which they raise prices. (y) prevent entry and set production quotas which are enforceable. (z) mainta

  • Q : Contestable Markets When consumers

    When consumers ultimately cannot distinguish one roasted chicken dinner from other, when roasted chicken dinners are produced within a constant cost industry, and when no barriers to entry or exit exist, in that case the long-

  • Q : Most likely resources in short run I

    I have a problem in economics on most likely resources in short run. Please help me in the following question. The most probable of the given resources to be fixed for the farmer in short run would be: (1) Land. (2) Labor. (3) Fertilizer. (4) All the above would be of

  • Q : Oligopolistic pricing behavior

    Collusive oligopolistic pricing behavior: (1) leads to natural monopoly when only some firms dominate an industry. (2) entails overt agreement among many firms in setting outputs and prices. (3) arises while contestable firms simultaneously raise or l

  • Q : Optimal market solution of marginal

    From society’s point of view, an optimal market solution is attained while: (w) everyone’s income is equal. (x) all goods are given in the economy. (y) marginal social costs only equal marginal social benefits. (z) consumer surplus equals

  • Q : Law of diminishing returns for a good

    The point is inevitably reached where an individual derives less extra enjoyment from the extra units of any good. This is mainly well-suited with: (i) Supply curves that slope-up and to right. (ii) Concave (or bowed out) production possibilities frontiers. (iii) The