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Consider a simple economy that has a fixed amount of land, and where the only use of land is for housing. It is assumed that housing units can be produced at constant marginal cost, and that these units can be sacked. A given parcel could therefore support all the units of housing demanded in the community. Assume there are 10 parcels of land, each owned by a different individual.
(a) What is the marginal productivity of land in the production of housing? Assuming there is competition in the supply of housing, what is the competitive rental payment to land?
(b) In the case of several owners and competition in the supply of housing units, would a parcel of land sell for positive price?
Consider the training function within an organization of your choice. This could be your current or a previous place of employment, a friend or family members place of employment or some other organization for which you have familiarity
Ron Garcia felt good about his first week as a management trainee at Mexicana Wire Winding, Inc. He had not yet developed any technical knowledge about the manufacturing process, but he had toured the entire facility, located in the suburbs of Mex..
I am just having a terrible time with isolation of independent variable(s) versus dependent variable(s) in this scenario.
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