4. An oil well now produces 50,000 barrels per year. The wellwill produce for 5 years more, but production will decline by 4percent per year. Oil prices, however, will increase by 2% peryear. The d 4. An oil well now produces 50,000 barrels per year. The well will produce for 5 years more, but production will decline by 4 percent per year. Oil prices, however, will increase by \( 2 \% \) per yea 1 answer