1a.(30%).In 1970, the economic historian, Evsey Domar, said that it would be impossible to have at one and the same time "free" land, "free" labour, and a land-owning aristocracy.If "free" land means land that is in excess supplyand therefore has a zero priceand "free" labour means labour that is free ofbondage, explain why this combination would be impossible

1b. (5%).Show thatthere is a labour theory of value when land is free in the sense of free land above. That is, show that the total value of output equals the value contributed by labour. (Hint: A unit of labour can be said to contribute the value of its marginal product to output value.

1c. (10%).If land is free, what three organizations of an agrarian economy are possible? Show that these three are the only possibilities. If bondage arises in conditions where land is free, what basic change in economic conditions could bring about its peaceful demise? Would the result necessarily be to make labour better off? Explain briefly.