(a) The total reserves of a non-renewable resource are400 million tons. Annual
Chapter 9, Problem 37(choose chapter or problem)
(a) The total reserves of a non-renewable resource are400 million tons. Annual consumption, currently 25million tons per year, is expected to rise by 1% eachyear. After how many years will the reserves be exhausted?(b) Instead of increasing by 1% per year, suppose consumptionwas decreasing by a constant percentageper year. If existing reserves are never to be exhausted,what annual percentage reduction in consumptionis required?
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