微观经济学黄新飞chapter14.ppt

Chapter 14 Land And Rent 黄新飞 International Business School Sun－Yat Sen University * Rent as Return to Fixed Factors The price of using a piece of land for a period of time is called rent or, pure economic rent. Rent is the payment of the use of factors of production that are fixed in supply. * Fixed Land Must Work for whatever it can earn R L D D S S Perfectly inelastic supply characterizes the case of rent. We run up the SS curve to the factor demand curve to determine rent. * Rent of land (dollars per year) Quantity of land S D D’ 400 300 200