Now assume the following specific demand equation p 9, Business Economics

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Now assume the following specific demand equation p 9

Now 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 equation of MR?

What is the specific MR corresponding to the initial point characterized by p = 3?

Compute the optimal depletion year.

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Business Economics: Now assume the following specific demand equation p 9

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Business Economics: Now assume the following specific demand equation p 9

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