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N3 You have a constrained resource to use over two periods. Suppose that you find your marginal net benefit in period one is 10. Your

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You have a constrained resource to use over two periods. Suppose that you find your marginal net benefit in period one is 10. Your marginal net benefit in period two is 5. Your discount rate is 25%. Are you using the resource efficiently, if so explain. if not how should you shift consumption between the periods?

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