If the Price Is $100 Per Tonne and the Royalty

question 80

Multiple Choice

If the price is $100 per tonne and the royalty is $10 per tonne,the marginal revenue of the mineral producer will be:

• A)$90 for each tonne produced.
• B)$90 for each tonne sold.
• C)$110 for each tonne sold.
• D)$100 for each tonne produced.

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Definitions:

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Utilitarianism

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