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Assume the Natural Environment Including Air,water and Land Can Be

Question 22

Essay

Assume the natural environment including air,water and land can be used to produce either good A,B or C (but not all).If the value of use is $50 for good A,$60 for good B and $40 for good C,which good should be produced if the decision is based on economic efficiency?

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Based on the objective of achi...

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