What is the resource price in each period (a) in utility units; (b) in euros, given that

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What is the resource price in each period

(a) in utility units;

(b) in euros, given that U = log(C), where U is utility units, log is the natural logarithm operator, and C is consumption (or income), measured in euros?

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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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