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ANEK [815]
3 years ago
10

Describe the conventional view of the relationship between the supply of a mineral resource and its market price. What are five

effects of a mineral becoming scarce? Discuss the pros and cons of the U.S. General Mining Law of 1872.
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer:

In a conventional view, if there is an enormous amount of the mineral resource, if the quantity supplied is higher than the demand, then the price of the mineral resource will be cheap. On the other hand, if the mineral resource is scarce, it price will increase if demand is more than supply. However, in developed countries, the effect of market price may not be applicable due to the regulations in form of subsidies and taxes imposed by the government.

The five effects of a mineral becoming scarce are mineral resource conservation, increased/higher prices, opportunity for new exploration, manufacturing of profitable lower-grade ores, and stimulation of development of new technologies.

The pros of the U.S. General Mining Law of 1872 creates reduced costs that is beneficial to the buyers of goods and it eventually leads to mineral expansion. The pros cons of the U.S. General Mining Law of 1872 leads to the use of land for numerous purposes which have negative effects on the environment not until the mining law in 1992.

Explanation:

In a conventional view, if there is an enormous amount of the mineral resource, if the quantity supplied is higher than the demand, then the price of the mineral resource will be cheap. On the other hand, if the mineral resource is scarce, it price will increase if demand is more than supply. However, in developed countries, the effect of market price may not be applicable due to the regulations in form of subsidies and taxes imposed by the government.

The five effects of a mineral becoming scarce are mineral resource conservation, increased/higher prices, opportunity for new exploration, manufacturing of profitable lower-grade ores, and stimulation of development of new technologies.

The pros of the U.S. General Mining Law of 1872 creates reduced costs that is beneficial to the buyers of goods and it eventually leads to mineral expansion. The pros cons of the U.S. General Mining Law of 1872 leads to the use of land for numerous purposes which have negative effects on the environment not until the mining law in 1992.

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On November 1, 2021, New Morning Bakery signed a $191,000, 6%, six-month note payable with the amount borrowed plus accrued inte
rosijanka [135]

Answer:

$196,730

Explanation:

The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:

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Answer:

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Explanation:

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Answer:

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I hope my answer helps you

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RSB [31]

Answer:

Answer for the question:

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is given in the attachment.

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