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Economics Suppose the following is true for the market of crude oil E Marginal Benefit, MB, is Pd: 190 4 E Marginal Cost, MC, is

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Economics Suppose the following is true for the market of crude oil E Marginal Benefit, MB, is Pd: 190 4 E Marginal Cost, MC, is Ps= 28 + 2 E Total Reserve is 38 barrels E Discount rate is 9.5% E Each period is 9 years apart E There are only 2periods How many barrels can the current generation consume before any user cost occurs

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