1. Given the assumptions of Hotellings rule and constant extraction costs, what is the total value of...
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1. Given the assumptions of Hotelling’s rule and constant extraction costs, what is the total value of a stock of 1 million
“dry long ton units” of extractable iron ore if the current price is 40 cents per dry long ton unit and the extraction cost is 25 cents per dry long ton unit?
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Related Book For
Environmental Economics And Natural Resource Management
ISBN: 9780415779050
3rd Edition
Authors: David A. Anderson
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