Question

How the values of resources are determined?

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:

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Answer 2

Answer:

value of resources are determined on their basis of their properties

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