One current practice is to calculate the years remaining for a depletable resource by taking the prevailing
Question:
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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Related Book For
Environmental And Natural Resource Economics
ISBN: 978-1138632295
11th Edition
Authors: Tom Tietenberg ,Lynne Lewis
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