in-what-way-is-the-earning-of-rent-by-land-similar-to-the-earning-of-rent-by-cap

Question

In what way is the earning of rent by land similar to the earning of rent by capital?

Accepted Answer

Both are based on the marginal revenue product.

Answer

Both are based on the average cost of production.

Answer

Both are based on the marginal cost of production.

Answer

Both are based on the total revenue generated.