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Business, 10.05.2021 21:00 Pen350

Suppose once again that a market demand schedule for a resource is P = 200 - 4Q and the market supply schedule is P = 80 + 2Q. How much of the resource would be extracted at the dynamic equilibrium (Qo* and Q1*) if we consider 2 time periods ( to and t1), and the total endowment of this resource is 30 units but the discount rate is positive now and equals to 10% (e. g., r = 0.10)?

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Suppose once again that a market demand schedule for a resource is P = 200 - 4Q and the market suppl...
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