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(Hotelling Model) Your boss owns a uranium mine which the government has announced they can no longer mine after 2 years (this current year, and

(Hotelling Model)Your boss owns a uranium mine which the government has announced they can no longer mine after 2 years (this current year, and next year). The following supply and demand equations are for uranium extracted from the mine. Calculate the quantity of uranium that would be efficiently extracted in each period if there was an unlimited amount of uranium left in the mine. Assume the discount rate is 20%. [Reminder: please include the first 2 decimal places in your answers.]

QS=2P-60

QD=60-0.5P

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