Using equation 11.18, deduce the effect of an increase in a for a given value of r,

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Using equation 11.18, deduce the effect of an increase in a for a given value of r, all other things being equal, on:

(a) M*

(b) A*

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Natural Resource And Environmental Economics

ISBN: 9780321417534

4th Edition

Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray

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