1discuss the role that discounting plays in a, Microeconomics

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1discuss the role that discounting plays in a

1. Discuss the role that "discounting" plays in a dynamically efficient allocation of non-renewable resource use through time. Is there a role for the "Second Theorem of Welfare Economics" in this discussion?

2. Do you think normal market forces adequately promote the sustainable development of non-renewable resources?

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Microeconomics: 1discuss the role that discounting plays in a

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