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Suppose the demand for an exhaustible resource Qt = 200-pay, the interest rate 11% the initial amount of the resource 450.00 pounds and the marginal

Suppose the demand for an exhaustible resource Qt = 200-pay, the interest rate 11% the initial amount of the resource 450.00 pounds and the marginal cost of producing the resource 25.00 The resource must be extracted in two periods. The price in the first period will be The quantity extracted in the first period will be

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