Asked by Karly Easterling on May 22, 2024
Verified
What is meant by the optimum level of resource use?
Optimum Level
The most favorable level or condition for growth, production, or efficiency.
Resource Use
The way in which resources (natural, financial, human, etc.) are utilized for various purposes in economies and environments.
- Explain the concept of the optimum level of resource use and its relevance.
Verified Answer
DP
Daphene PhoebeMay 24, 2024
Final Answer :
the point at which the demand and supply intersect,at which it would no longer pay to extract a resource
Learning Objectives
- Explain the concept of the optimum level of resource use and its relevance.
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