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16 Jan 2018
Questions:
1, Now assume the following specific demand equation: p = 9 â 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the depletion year for this resource under perfection completion? (Note: you may need to carry out some calculations in a spreadsheet).
2, Given the information provided in question 1,
a) What is the equation of MR?
b) What is the specific MR corresponding to the initial point characterized by p = 3?
c) Compute the optimal depletion year.
PLEASE ANWSER ALL THE QUESTIONS AND LABEL WHICH ONE YOU ARE ANWSERING
Questions:
1, Now assume the following specific demand equation: p = 9 â 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the depletion year for this resource under perfection completion? (Note: you may need to carry out some calculations in a spreadsheet).
2, Given the information provided in question 1,
a) What is the equation of MR?
b) What is the specific MR corresponding to the initial point characterized by p = 3?
c) Compute the optimal depletion year.
PLEASE ANWSER ALL THE QUESTIONS AND LABEL WHICH ONE YOU ARE ANWSERING
glorysoft2Lv10
28 Sep 2022
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Sixta KovacekLv2
17 Jan 2018
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