Geography, asked by mdjaved6571, 9 months ago

how the value of resources is measured

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Answered by umaisjavedj

Answer:

For resources traded in markets such as oil, land, timber, and crops, the value of small quantities of market goods can be measured by their observed price. In competitive markets, prices reflect both the marginal cost of producing the good to suppliers and the marginal value to consumers.

Explanation:

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