Dynamically environment friendly extraction of a nonrenewable useful resource. The mannequin predicts that useful resource extraction and consumption decreases over time. How is it doable to reconcile this theoretical outcome with the will increase in extraction and use of many of those assets that have been noticed over the past century?
Deadweight L055 clu eto person prices andexternal prices] MEX+ MEC+ MUC = MIC [MUC = Marginal Consumer prices} MEX+ MEC MEX [MArginal Non-public Value}. Economics homework assist