•Fora mining firm, the cost function is C=0.01q(t)2, theprice of product p=10，thediscount rate is 0.2. The initial stock of mine is 1, i.e, X（0）=1.Assuming the mine will be completely extracted with one period, i.e., X（1）=0，whatis the optimal time path, X*（t）, for the firm?

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