3. If the amount of economic reserves (S) = 10 million tons and the annual consumption rate(U) is 25000 tons, then the expected resource lifetime of a resource, according to theyears. Please show the static reserve index formula and yourstatic is: ......calculations.voiladan*******LootCIARUla Aus 4. Exponential reserve index is given by the following formula. Calculate the number ofyear (n) the non-renewable resource will last if the growth in consumption was 2%. isthe static reserve index (from question 3).

Since you have asked multiple questions, we will solve the first question for you. If you want any…

3. If the amount of economic reserves (S) = 10 million tons and the annual consumption rate (U) is 25000 tons, then the expected resource lifetime of a resource, according to the static is: .......... years. Please show the static reserve index formula and your calculations.

3. If the amount of economic reserves (S) = 10 million tons and the annual consumption rate (U) is 25000 tons, then the expected resource lifetime of a resource, according to the static is: .......... years. Please show the static reserve index formula and your calculations.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. If the amount of economic reserves (S) = 10 million tons and the annual consumption rate
(U) is 25000 tons, then the expected resource lifetime of a resource, according to the
years. Please show the static reserve index formula and your
static is: ......
calculations.
voiladan
*******
Loot
CIARU
la Aus

4. Exponential reserve index is given by the following formula. Calculate the number of
year (n) the non-renewable resource will last if the growth in consumption was 2%. is
the static reserve index (from question 3).

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