Assume the following specific demand equation p 9 ndash


Assume the following specific demand equation: p = 9 – 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?

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Business Economics: Assume the following specific demand equation p 9 ndash
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