Question

how the value of resources is measured?
​

Answer 1

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:

Answer 2

Answer:

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