Suppose the World Demand for Cobalt Is About 16,360,000 Pounds

question 39

Essay

Suppose the world demand for cobalt is about 16,360,000 pounds per year and the static reserve is 110. The demand for cobalt is increasing at a rate of 1.5%. What is the exponential reserve for cobalt?
A)
21.62
B)
35.81
C)
65.47
D)
96.55

• A)
• 21.62
• B)
• 35.81
• C)
• 65.47
• D)
• 96.55

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Definitions:

Basic Nature

The fundamental qualities or characteristics inherent in something or someone, often considered innate or essential.

Heraclitus

An ancient Greek philosopher known for his doctrine that change is the fundamental essence of the universe, famously captured in the phrase "You cannot step into the same river twice."

Electrical Charges

A fundamental property of matter that causes it to experience a force when placed in an electromagnetic field. There are two types: positive and negative.

Emptiness

In philosophic and spiritual contexts, a concept highlighting the absence of inherent existence or essence in phenomena; in everyday use, the state of being empty.