Questions On the Principles of Economics

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(b) abnormally large profits from a business as a result of goodwill built up by extensive advertising.
45. 5. Indicate some of the considerations involved in determining the fair selling value of a public service property.
45. 6. "Vested interests present questions of the same sort in the case of monopolies as in the case of land." What are these questions?
86 CHAPTER XLVI THE NATURE AND DEFINITION OF CAPITAL 46. 1. "The income from concrete instruments of produc- tion may be regarded as 'rent
...' or as 'interest,' according to the point of view." Explain.
46. 2. In what different ways may the amount of capital be measured?
46. 3. "All concrete instruments of production have a derived value." Explain.
46. 4. From what different viewpoints have the distinc- tions between interest, rent, and monopoly gains been dis- carded?
46. 5. "The return to all fixed capital, if a short period is under consideration, partakes of the nature of economic rent." Discuss critically.
46. 6. On what grounds does the retention of the distinc- tion between land and capital seem advisable?


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