If the Increase Income from Sale of a Nonrenewable Resource

question 71

Multiple Choice

If the increase income from sale of a nonrenewable resource in the current period is less than the present value of income sale of the resource in the next period, the owner should:

• A)wait to see what will happen in the future.
• B)sell all of the resource in the next period.
• C)sell some of the resource now and some in the next period.
• D)sell all of the resource now.

---

Definitions:

Event

An event or incident, particularly one that is significant.

Law Of Effect

A principle in psychology stating that behaviors followed by positive outcomes tend to be repeated, while those followed by negative outcomes are less likely to be repeated.

Reward

A benefit or recognition given for performing a particular action or behavior.

Response

A reaction or action taken by an organism or system as a result of a specific stimulus.