El Serafys user cost rule. (b) Repeat (a) using an interest rate of 10%. (c) Repeat the
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El Serafy’s user cost rule.
(b) Repeat
(a) using an interest rate of 10%.
(c) Repeat the calculation for a 5% interest rate, but with the world price of oil being £3.00 at the start of the year and £5.00 at the end of the year.
(d) Comment on your results.
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Related Book For
Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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