Question
In both the model of renewable resource harvesting and non-renewable resource extraction, there are marginal benefits and marginal costs. The marginal costs are the discounted
In both the model of renewable resource harvesting and non-renewable resource extraction, there are marginal benefits and marginal costs. The marginal costs are the discounted opportunity costs of extracting/harvesting today. How does the presence, or lack of, growth the make the opportunity costs of the two models different?
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
