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solve clearly and neat with complete explanation steps The total quantity of natural resources to be extracted is 200 units, the nancial rate of return

solve clearly and neat with complete explanation steps

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The total quantity of natural resources to be extracted is 200 units, the nancial rate of return is 15% pa, the population growth rate is 30% pa, the price now is $60 per unit, the price in 1 year is $80 per unit and the marginal extraction cost now and in 1 year is $40 per unit and $50 per unit respectively. How many units should be extracted now? Which factors, i.e. external and internal, do you think are important in your estimation for the output

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