One current practice is to calculate the years remaining for a depletable resource by taking the prevailing
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One current practice is to calculate the years remaining for a depletable resource by taking the prevailing estimates of current reserves and dividing it by current annual consumption. How useful is that calculation? Why?
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This calculation often referred to as the ReservestoProduction Ratio RP ratio is typically used to e...View the full answer
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Related Book For
Environmental And Natural Resources Economics
ISBN: 9780131392571
9th Edition
Authors: Tom Tietenberg
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