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A non renewable resource stock of 100 units, Two periods, Discount rate 10%, Demand (MB) i

A non renewable resource stock of 100 units, Two periods, Discount rate 10%, Demand (MB) i

A non renewable resource stock of 100 units, Two periods, Discount rate 10%, Demand (MB) is the same in each period P=80-q
Constant MEC=10
competitive industry, profit maximizing firms
using this information show the market allocation of the resource across the 2 periods.

Johnson 10-Nov-2017

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