Consider an increasingly marginal cost-depletable resource with no effective substitute. Describe how the user cost for this resource in the earlier time periods would depend on whether the demand curve for that resource was stable or shifting outward over time. Evaluate how the allocation of that resource over time would be affected. You must develop a two-page paper (not including title and reference pages) and be formatted according to APA style guidelines. You need to use two scholarly sources, in addition to the textbook, to support your assertions. Purchase the answer to view it
