According to ricardian theory rent arises due to the mcq
Answers
Further in the Ricardian theory, the marginal land is a no-rent land. An important criticism leveled against Ricardian theory of rent concerns the relation between rent and price. According to Ricardo, price determines rent. The higher the price of corn, the higher will be the rent.
rent as follows rent is that portion of produce of the Earth which is paid to the landlord for the use of the original indestructible powers of the soil
Explanation:
according according to Ricardo rent is the differential surplus the difference between the produce of the superior land and marginal land the marginal land is called no rent land the concept of Differential rent applies to the both extensive cultivation additional lands are brought under cultivation and intensive cultivation more of labour capital are applied to the same piece of land
