Calculate the present value of the net benefits

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Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0 4q Marginal extraction cost = $2, r = 10%. The available supply is 20 units Suppose 12 units are consumed in period 1 and 8 units in period 2 Calculate the present value of the net benefits for the use of the resources in both periods Show your work Draw the graphs for both periods, using engineering graph paper with fine detail (small squares) I have attached at the end of this file a sample of the paper that I handed out in class. You can scan and embed it in your Word document.

Reference no: EM131247024

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