sing a two-period model, illustrate the maximization of net

sing a two-period model, illustrate the maximization of net benefits over time. Assume the demand c… Show more Using a two-period model, illustrate the maximization of net benefits over time. Assume the demand curve be P=10-0.4Q, marginal extraction costs are constant at $2/unit, and a resource constraint of 30 units, use 10% discount rate. a. How much resources are allocated in periods 1 & 2? b. What are the net benefits in periods 1 & 2? What is the total net benefit? • Show less

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