Final answer:
The Income Approach is most likely to yield the greatest net return on land or buildings, as it assesses potential income and cash flows from property investments, which is critical in maximizing profitability. The correct option is c.
Step-by-step explanation:
The approach most likely to produce the greatest net return on land and/or buildings over a given period is the Income Approach. This method focuses on the potential income that properties can generate, considering factors like rental income, operating expenses, and capitalization rates.
The Income Approach is particularly relevant in real estate and business valuations where cash flows are expected from the property investments.
Comparing marginal revenue and marginal costs is a fundamental concept in economics that helps determine the profit-maximizing level of output for a firm.
If the marginal revenue exceeds or is equal to the marginal cost, it typically makes sense for a firm to continue producing.
Conversely, when marginal costs are greater than marginal revenues, it may be more prudent for a firm to close or reduce output. The correct option is c.