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You work for Pistol Pete Natural Gas Co and there is 30 MMBtu worth of natural gas reserves available to use across both period O
You work for Pistol Pete Natural Gas Co and there is 30 MMBtu worth of natural gas reserves available to use across both period O and period 1. Marginal cost of extracting the natural gas is zero. Market Demand is Q = 30 - 2P Also the current interest rate is 20%. Using the equimarginal principle, what quantity will be sold in the market in period O? Round your final answer to the nearest single decimal place (ie. X.X). #/MMBtu $15 $10 10 20 30 Q (MMBtu]
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