Assume the following for a rare and valuable resource,
1. The socially optimal quantity for every period is 42
2. There exist, in total, 150 tons of lithium in reserve.
3. There are 2-periods we like to consider in the allocation of
Please answer the following questions in a clear and concise
1. What is the socially efficient quantity for the 2
2. At the socially efficient quantity, did the 1st period incur
any User Cost?
if yes, provide the amount. If no, explain why there is no user
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