According to Hotelling rule about the exhaustible natural resources, which of the following is used for price variation of the exhaustible natural resources:
A. Rate of interest
B. Labour cost
C. Rent and royalties of mines
D. Production cost and royalty of mines
Answer:A
According to Hotelling rule about the exhaustible natural resources, which of the following is used for price variation of the exhaustible natural resources:
A. Rate of interest B. Labour cost C. Rent and royalties of mines D. Production cost and royalty of mines