Is the flexible land-rent function more or less steep

Reference no: EM13243018

As the flexible farmer approaches the marketplace, the farmer substitutes non-land inputs for land. As a result, the land-rent function of the flexible farmer is steeper than the land-rent function of the inflexible farmer. What happens as the flexible farmer moves away from the market place? Is the flexible land-rent function more or less steep than the inflexible function? Explain

Reference no: EM13243018

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