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Consider the following stock-flow diagram. It depicts a situation where a firm is making money by extracting and seeling non-renewable resource such...

Consider the following stock-flow diagram. It depicts a situation where a firm is making money by extracting and seeling non-renewable resource such as coil or oil. In 2-3 paragraphs describe the” story” that this diagram is depicting. You may treat price as a constant for this purpose. State any assumptions you make clearly. Re-draw the diagram for the case where the resource is a renewable.




Consider the following stock-flow diagram. It depicts a situation where a firm is making money by extracting and seeling non-renewable resource such as coil or oil. In 2-3 paragraphs describe the” story” that this diagram is depicting. You may treat price as a constant for this purpose. State any assumptions you make clearly. Re-draw the diagram for the case where the resource is a renewable.
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