In the Case of Extraction of a Nonrenewable Resource, When

question 233

Multiple Choice

In the case of extraction of a nonrenewable resource, when user costs increase, it implies that expected future profits

• A)decrease, while the amount of current extraction increases.
• B)decrease, and the amount of current extraction decreases.
• C)increase, and the amount of current extraction increases.
• D)increase, while the amount of current extraction decreases.

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Definitions:

Entrepreneur

An individual who risks his or her wealth, time, and effort to develop for profit an innovative product or way of doing something.