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Business, 08.04.2021 20:40 Benthega

uppose we are analyzing the intertemporal allocation of oil. Assume a generation of 35 years. We are concern with only two generations. The demand and supply for oil in the present generation are given by the following equations: Demand is Q = 200ā€“5P or P = 40ā€“0.2Q and Supply is Q=5P or P = 0.2Q, Where Q is represented in millions of barrels and P is the price per barrel. What is the equation for the marginal net benefit curve?

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