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MMLU-Pro / 7455 / How is the use of land a cost, not counting the rent onehas topay to use the…

Problem

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question

How is the use of land a cost, not counting the rent onehas topay to use the land?

category

economics

options

  1. The cost of land is the price one pays to purchase it.
  2. The cost of land refers to the taxes one has to pay for owning it.
  3. The cost of land is the cost of maintaining it.
  4. The use of land also constitutes a cost, in this sense an implicit cost, that is the money payments which the land resource could have earned in their best alternative employments.

src

stemez-Economics

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