question archive If land rent is maximized, this means that: A parcel of land is generating maximum income for the owner A parcel of land is being used in a sustainable way A parcel of land is generating maximum net benefits for society None of the above
If land rent is maximized, this means that: A parcel of land is generating maximum income for the owner A parcel of land is being used in a sustainable way A parcel of land is generating maximum net benefits for society None of the above
Subject:EconomicsPrice:2.86 Bought3
If land rent is maximized, this means that:
A parcel of land is generating maximum income for the owner
A parcel of land is being used in a sustainable way
A parcel of land is generating maximum net benefits for society
None of the above
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A parcel of land is generating maximum income for the owner
Step-by-step explanation
Land rent is the income received by the owner after either renting out land or a certain building on the land, or a resource found on the land such as a mineral resource. Maximization of the land rent means the owner gets a high income after utilizing all the available space.
