The user cost of an exhaustible resource is A) the same as its price.
The user cost of an exhaustible resource is
A) the same as its price.
B) the same as its production cost.
C) the opportunity cost of using the resource today rather than saving it for the future.
D) the amount of the resource that is extracted today.
E) not related to the amount of the resource that exists.
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.