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Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548 Exercise 1
EXTERNALITIES Complete each of the following sentences:
a. Resources that are available only in a fixed amount are _______ resources.
b. The possibility that a open-access resource is used until the marginal value of additional use equals zero is known as the _______.
c. Resources for which periodic use can be continued indefinitely are known as _______ resources.
a. Resources that are available only in a fixed amount are _______ resources.
b. The possibility that a open-access resource is used until the marginal value of additional use equals zero is known as the _______.
c. Resources for which periodic use can be continued indefinitely are known as _______ resources.
Explanation
Verified
Verified
Exhaustible resources:
Exhaustible reso...
Econ 4th Edition by William McEachern
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