The User Cost of an Exhaustible Resource Is

question 123

Multiple Choice

The user cost of an exhaustible resource is:

• A) the same as its price.
• B) the same as its production cost.
• C) the opportunity cost of using the resource today rather than saving it for the future.
• D) the amount of the resource that is extracted today.
• E) not related to the amount of the resource that exists.

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