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Q1: if land is unlimited in supply, will there be no scarcity rents? True or false Q2: with flow if annual rents of 50,000 and

Q1: if land is unlimited in supply, will there be no scarcity rents? True or false

Q2: with flow if annual rents of 50,000 and a discount rate of 2% what is the present value of land if you can own the land in perpetuity?

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