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Homework answers / question archive / Explain what economists mean by an "optimal" extraction rate of a natural resource An "optimal" rate may imply completely depleting a resource at some point in time

Explain what economists mean by an "optimal" extraction rate of a natural resource An "optimal" rate may imply completely depleting a resource at some point in time

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Explain what economists mean by an "optimal" extraction rate of a natural resource

An "optimal" rate may imply completely depleting a resource at some point in time. Explain how this could be fair to future generation.

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