Question: attached question Question 2.1 If a consumer demand function is given as Q = 36-2P and the marginal cost is constant at $8, what would

attached question

attached question Question 2.1 If a consumer demand function is given as

Question 2.1 If a consumer demand function is given as Q = 36-2P and the marginal cost is constant at $8, what would be the static efficient quantity of production and consumption? Question 2.2 Suppose natural resource services can be modelled as S, = S, - Q, + AS, where S, - Amount of resource available in period 1, S, - Amount of resource available in period 0, Q, - Amount of resource used in period 0, AS - Increment to the resource in period 0. How would non-renewable resources model be expressed

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