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In the Specific-Factors model, we defined the nominal capital and land rents in terms of prices and marginal products. Correctly match the price x marginal
In the Specific-Factors model, we defined the nominal capital and land rents in terms of prices and marginal products. Correctly match the price x marginal product to the nominal rent. Group of answer choices Pc x MPKc Nominal capital rent Pc x MPTc Does not exist Pf x MPKf Nominal land rent Pf x MPTf Does not exist
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