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Suppose the inverse demand curve on ore is given by P = 62 - 0.64 G. Ore can be either mined or obtained through a
Suppose the inverse demand curve on ore is given by P = 62 - 0.64 G. Ore can be either mined or obtained through a recycling program. The marginal cost of mining is M01 = 9 11. The marginal cost of obtaining ore through recycling is M02 = 19 + 1 (:12. What percent of total demand is satisfied by recycled ore (express your answer in percentage, i.e., if the answer is 45.34% then enter 45.34)
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