Energy Resources in Argentina:

Analysis of Income

Analysis of Income

Methodology ( ...continuation )

Using assumption 5 as a starting point, and Marx’s theoretical base, the production price for hydrocarbon products and their market price are defined as:

With: | ||

| eq(2) |

where:

pp: | production price in deposit j. |

sum of different costs i in the production process for deposit j. |

These are defined as:

(eq. 3) |

Where:

*c ^{j}_{exp}*: exploration costs for deposit j

: normal profit margin

: sum of different costs i in the production process for marginal deposits