Differential rent
Scarcity rent
Mobility rent
Location rent
Answer is Right!
Answer is Wrong!
The correct answer is D. Location rent.
Differential rent is the excess of the rent paid for a particular piece of land over the rent that would be paid for a similar piece of land in a less desirable location. Scarcity rent is the rent that is paid for a scarce resource, such as land in a desirable location. Mobility rent is the rent that is paid for the ability to move to a more desirable location.
Location rent is not a type of rent because it is not paid for the use of land. It is paid for the location of the land, which is a different thing.