Consider an increasing marginal-cost depletable resource with no effective substitute. (a) Describe, in general terms, how the marginal user cost for this resource in the

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Consider an increasing marginal-cost depletable resource with no effective substitute.

(a) Describe, in general terms, how the marginal user cost for this resource in the earlier time periods would depend on whether the demand curve for that resource was stable or shifting outward over time.

(b) How would the allocation of that resource over time be affected?