riim18801 riim18801

24-05-2023
Mathematics

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QUESTION 6
Suppose the inverse demand curve on ore is given by P = X -0.29 Q. Ore can be either mined or obtained through a recycling program. The marginal cost of mining is MC1 = 6 91. The marginal cost of obtaining ore through recycling is MC2 54+ 3 q2. What should be a maximum value of X so that recycling is NOT cost-effective?
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