Use the figure below to answer the following questions. 
Figure 9.3.3
-Consider an initial budget line labelled RT in Figure 9.3.3.If the budget line becomes RS,the substitution effect is illustrated by the move from point
Definitions:
Depletion Expense
An accounting concept used to allocate the cost associated with natural resource extraction over the period of their removal or sale.
Accumulated Depletion
The total value of natural resource extraction from a property, representing the reduction of the asset's value on the balance sheet over time.
Ore
A naturally occurring solid material from which a metal or valuable mineral can be extracted profitably.
Mining Site
A location where extraction of minerals, metals, and other geological materials from the earth takes place.
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