d. State whether the following statement is true, false, or uncertain.Explain.

Optimal extraction over two periods In this question, we consider the optimal extraction of a non-renewable resource (oil) over two years (year 0 and year 1). Demand is given by: Pt = o [3 qt, where Pt is the price in period tand qt is the quantity in year t. Extraction costs are constant at $0 per unit. Assume the discount rate is r=5/o. In your calculations below, indicate prices and quantities to two decimal points. d. State whether the following statement is true, false, or uncertain. Explain. \"This example demonstrates that an efficient allocation of a non-renewable natural resource cannot meet the sustainability criterion as future generations get less of the resource than current generations. Therefore the equal allocation of the non-renewable resource is preferred." (4 marks)