If the Increase Income from Sale of a Nonrenewable Resource

question 86

Multiple Choice

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

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