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Rent is the payment that a person or firm pays in order to borrow an asset, which can be land or a machine.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 16 - Rent, Interest, and Profit - Discussion Questions - Page 377: 1
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