Describe the process by which the market for capital and the market for land reach equilibrium. As part of your description, elaborate on the role of the stock of the resource versus the flow of services from the resource.
Equilibriums in the market for land and capital are governed by the value of marginal product for these factors relative to their supply. One difference between these markets and the market for labor is that in land and capital markets there is both a rental value (flow) and purchase price (stock). The difference between the rental value and purchase price is reconciled by noting that in efficient markets, the purchase price should reflect the value of the stream of services provided by the land or capital (or the sum of rental values appropriately discounted).
This long-lasting quarantine period has undoubtedly shaken up the world. From the economy to health care, and even to schools…
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The experience was great for sure. The work was done by the deadline, so thank you! Only one thing though. If someone says that their work is due at 12pm and you have 3days, the ideal thing to do is to get it done earlier so that person can have enough time to look at it if they can.