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What is a ressource?
A 'resource' is anything humans can use to their benefit.
How can you use natural resource in a sentence?
The biggest natural resource in the country was timber. The natural resource to use in that situation was coal.
When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following?
being used efficiently <3
The optimal use of a resource take place when?
The benefit is greater than the opportunity cost.
What happens when the optimal use of a resource takes place?
The benefit is greater than the opportunity cost.
What is The optimal use of a resource takes place when happens?
The benefit is greater than the opportunity cost.
When the benefit of one particular use of a resource is greater than the opportunity cost?
Being used efficiently
Economists use to estimate a resource's future economic value compared to its present value?
cost-benefit analysis
What is the name of jamaican currency?
Jamaica is an island country in the Caribbean Sea. As of June 2014, Jamaica's currency is the Jamaican dollar, which has been in use since 1969.
Deciding whether to do or use one additional unit of some resource?
When deciding whether to use one additional unit of a resource, consider the marginal benefit it will provide compared to the additional cost or effort required. If the marginal benefit is greater than the marginal cost, it may be worth utilizing the additional unit. However, if the marginal cost exceeds the benefit, it may be more efficient to forgo using the additional unit.
What is Jamaica's coat of arms?
Jamaica's Coat of Arms represents Jamaica in different aspects: the pineapples - as the indigenous fruits, the Arawak figures - as the first inhabitants, and the crocodile - as the indigenous reptile in the country. The use of the Royal Helmet and Mantlings is a unique distinction accorded to Jamaica.
Which describes the resource when the benefit of its use is greater than the opportunity cost?
being used efficiently <3
