The labor cost of using a unit of land is $25, the capital cost is $15 and a nor

Question

The labor cost of using a unit of land is $25, the capital cost is $15 and a normal rate of return for the investment is $12. The revenue for using the land is $65. The economic rent is $25. The economic rent is $13. The economic rent is $38. The economic rent is $40. The labor cost of using a unit of land is $25, the capital cost is $15 and a normal rate of return for the investment is $12. The revenue for using the land is $65. The economic rent is $25. The economic rent is $13. The economic rent is $38. The economic rent is $40. The economic rent is $25. The economic rent is $13. The economic rent is $38. The economic rent is $40. The economic rent is $25.

Explanation / Answer

The economic rent is $13.

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