lawsoncorie45021 lawsoncorie45021
  • 26-03-2024
  • Business
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Suppose that a scarce resource, facing a constant demand, will be exhausted in 10 years. If an alternative resource will be available at a price of $40 and if the interest rate is 10%, what must the price of the scarce resource be today?
a. $20
b. $25
c. $30
d. $35

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