Answer to Question #266147 in Economics for Jayla

Question #266147

What is a Hubbert curve? Draw an example of a typical hubbert curve. Be sure to include the x and y axis label.


1
Expert's answer
2021-11-15T10:13:39-0500

The Hubbert curve is a method for predicting the likely production rate of any finite resource over time. When plotted on a chart with time on the x axis and amount of production on y axis, the result resembles a symmetrical bell-shaped curve.


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