Property Valuation
In Ohio, which principle holds that value is maximized when land use is in balance with all contributing factors of production?
APrinciple of substitution
BPrinciple of balance (agents of production)✓ Correct
CPrinciple of conformity
DPrinciple of increasing and decreasing returns
Explanation
The principle of balance states that maximum value is achieved when the four agents of production (labor, capital, coordination, and land) are in proper balance for the type of use.
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