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 2 years ago
with reference to a named finite resource,explain why it is difficult to predict how long it will last.
 2 years ago
with reference to a named finite resource,explain why it is difficult to predict how long it will last.

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TranceNova
 2 years ago
Best ResponseYou've already chosen the best response.0Hmm which part of this question are you struggling with? Have you picked a resource?

TranceNova
 2 years ago
Best ResponseYou've already chosen the best response.0(or rather, which resource did you pick?)

TranceNova
 2 years ago
Best ResponseYou've already chosen the best response.0Okay what are the aspects of predicting how long it will last? Where do we get it from? What might control demand and how much we use? How might we estimate how much is in reserves? Keep in mind that the supply is also determined by quality, the more we use the more we will try to extract the oil that is harder to extract and therefore more expensive.
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