Geography, asked by mishtheethadani, 9 months ago

how the value of resources is measured?

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Answered by saanvigrover2007

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.

Answered by gk3977948

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For resources traded in markets such as oil, land, timber, and crops, the valueof 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.

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how the value of resources is measured?