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RENT, INTEREST, AND PROFIT Pertemuan 22
Matakuliah : J0114-Teori Ekonomi Tahun : 2009 RENT, INTEREST, AND PROFIT Pertemuan 22
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Economic Rent Economic Rent is the price paid for resources such as land whose supply is perfectly inelastic Land rent is a surplus payment, because land would be available to society even if this rent were not paid Bina Nusantara University
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Economic Rent The Determination of Land Rent Land Rent (Dollars)
b Bina Nusantara University L0 Acres of Land D4
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Economic Rent Application: A Single Tax on Land
Henry George’s Proposal Single Tax Movement Criticisms Productivity Differences and Rent Differences Alternative Uses of Land Bina Nusantara University
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Interest Stated as a Percentage Money is Not a Resource
Loanable Funds Theory of Interest Supply of Loanable Funds Demand for Loanable Funds O 27.1 Bina Nusantara University
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Interest The Market for Loanable Funds Interest Rate (Percent)
8% D F0 Bina Nusantara University Quantity of Loanable Funds
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Interest Extending the Model Financial Institutions Changes in Supply
Changes in Demand Other Participants Bina Nusantara University
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Interest Range of Interest Rates Pure Rate of Interest Risk Maturity
Loan Size Taxability Pure Rate of Interest Bina Nusantara University
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Interest Role of the Interest Rate Application: Usury Laws
Interest and Total Output Interest and the Allocation of Capital Interest and R&D Spending Nominal and Real Interest Rates Application: Usury Laws Nonmarket Rationing Gainers and Losers Inefficiency Bina Nusantara University
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Economic Profit Explicit Costs Implicit Costs Economic or Pure Profit
Role of the Entrepreneur Normal Profit Bina Nusantara University
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