The figures above show the MNB and TNB of resource use over two periods. Suppose

Question

The figures above show the MNB and TNB of resource use over two periods. Suppose there are 20 tons total of this resource available. Which of the following statements is TRUE about the figures?

Question 4 options:

Figure C represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

Figure B represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

Figure D represents the TNB at the efficient point.

Figure A represents the TNB at the efficient point.

Figure C represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

Figure B represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

Figure D represents the TNB at the efficient point.

Figure A represents the TNB at the efficient point.

Explanation / Answer

Figure B represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

Figure B represents the TNB when the present period (1) extracts as much as it wants without regard to the future period.

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