Resource pricing is important because

A) resource prices are a major determinant of money incomes.
B) resource prices allocate scarce resources among alternative uses.
C) resource prices, along with resource productivity, are important to firms in minimizing their costs.
D) of all these reasons.

Resource Pricing

The determination of the price for natural resources based on factors like scarcity, demand, and extraction costs.

Determinant

A factor or variable that decisively affects the nature or outcome of something.

Money Incomes

Earnings received in the form of currency or its equivalent, typically through employment, investments, or transfers like pensions and benefits.