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Suppose the demand for an ochaustible resource is 0,400-p the interest rate is 12%, the initial amount of the resource is 100.43 pounds, and
Suppose the demand for an ochaustible resource is 0,400-p the interest rate is 12%, the initial amount of the resource is 100.43 pounds, and the marginal cost of extraction is zero Assuming all of the resource will be extracted in bio period, what is the price in the first period? Enter your response rounded to two decimal places) How much is extracted in the first period? pounds (Enter your response rounded to two decimal places) What is the price in the second period? Sinter your response rounded to two decimal places) How much is extracted in the second period? pounds (Ender your response rounded to two decimal places)
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