Suppose that the price received for gold extracted from time (k ) to (k 1 ) is the average of the price of gold at these two times that is, ( left(g k g k 1 ight) 2 ) However, costs are incurred at the beginning of the period whereas revenues are received at the end of the period Find the value of ...

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Suppose that the price received for gold extracted from time (k) to (k+1) is the average of

Question:

Suppose that the price received for gold extracted from time $k$ to $k+1$ is the average of the price of gold at these two times; that is, $\left(g_{k}+g_{k+1}\right) / 2$.

However, costs are incurred at the beginning of the period whereas revenues are received at the end of the period. Find the value of the Complexico mine in this case.

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