Question Suppose the marginal benefit of a unit of a certain non renewable resource is given by ME=80-20.00 is the total extracted amount at a certain pero The marginal cost of extracting a unit of this de 20 The risk free herest rate is 10% suppose there we 3 periods. When will the resou never be exhausted on a social omal extraction patte avea rate of the country reset Wherwit the resources de xtausted nestana pertsona socially optimal extraction path? Give a range of the quaraty at reserves. Il Graphically illustrate what happens to the Futurn take when the value of a tenewable resource increases, 2) the interest rato decreases. Anewer each otsion with one dagram Question Suppose the marginal benefit of a unit of a certain non renewable resource is given by ME=80-20.00 is the total extracted amount at a certain pero The marginal cost of extracting a unit of this de 20 The risk free herest rate is 10% suppose there we 3 periods. When will the resou never be exhausted on a social omal extraction patte avea rate of the country reset Wherwit the resources de xtausted nestana pertsona socially optimal extraction path? Give a range of the quaraty at reserves. Il Graphically illustrate what happens to the Futurn take when the value of a tenewable resource increases, 2) the interest rato decreases. Anewer each otsion with one dagram