Please don't copy ans

Economics

Assume that the oil extraction company needs to extract Q units of oil (a depletable resource) reserve in a dynamically efficient manner. What should be a minimum amount of Q so that the oil reserve extraction can last for at least 8 periods if (a) the marginal willingness to pay for oil in each period is given by P = 22 - 0.5q, (b) marginal cost of extraction is constant at $2 per unit, and (c) discount rate is 1%?