The graph shows the extraction costs for TX Oil Company in the first year in a situation where it will extract oil from a reserve over two years. What will be the quantity extracted if user costs are considered, compared to the case where they are not considered?
A) 10 units versus 20 units
B) 20 units versus 10 units
C) 10 units versus 30 units
D) 20 units versus 40 units
Correct Answer:
Verified
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