Question: Using the following graphs and formula, briefly explain how today's use of a resource could determine the future price of the resource (assuming the extraction

Using the following graphs and formula, briefly explain how today's use of a resource could determine the future price of the resource (assuming the extraction costs and discount rate are constant)

Using the following graphs and formula, briey explain how today's use of a resource could determine the future price of the resource (assuming the extraction costs and discount rate are constant). Quantity extracted in current period (qo) p1 = M61 + Rento x Compound Interest

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