Question: Question 2: What are the major differences between a static model and a dynamic model when it comes to valuation of natural resources? In your

Question 2:

What are the major differences between a static model and a dynamic model when it comes to valuation of natural resources? In your opinion, which model is more suitable for valuating depletable natural resources? And why? What are the main factors that could affect the valuation of natural resources? Use example(s) if necessary.

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