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sportsontap

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Joined: 17:31 Fri 08th Oct 2010

Last Activity: 23:15 Sun 10th Oct 2010

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sportsontap

(econ) Currently the price of a nonrenewable natural resource is $50 per unit while the MEC is $20 per unit.?

a) What is the MUC today? b) If the interest rate is 10%, what will be the MUC each year over the next 5 years? c) Using your answer to part b and assuming that the MEC will be constant, find the...

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(econ) Currently the price of a nonrenewable natural resource is $50 per unit while the MEC is $20 per unit.?

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