Question

which of the below theory is related to non renewable resources​

Answer 1

Answer:

Which of the below??

Where are the below theories??

Answer 2

2. Which of the below theory is related to non-renewable resources?

a) Game Theory

b) Phlogiston Theory

c) Big Bang Theory

d) Hotelling’s Theory

Answer:

The correct option is d) Hotelling’s Theory.

Explanation:

• Harold Hotelling is the author of Hotelling's theory.

• According to this idea, producers of non-renewable resources will only increase their output if it outperforms other financial instruments they have access to on the market, such as bonds and interest-bearing securities.
• Harold Hotelling (1895-1973) made the discovery in the 1929 Economic Journal article "Stability in Competition."
• The majority of commodities are natural resources that are produced when their revenue can outpace that of other financial vehicles.

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