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Problem: Find out the age when value of timber is the highest, the optimal age to harvest, with interest rate r =0, 0.01, 0.02, 0.04? Explain your findings about the relationship of age with highest timber value and age to harvest. Based on the assumptions given, list the three conclusions from Table 11.1. What happens to optimal age to harvest when government impose a tax and why. If we extend the basic model to infinite-planting model that recognizes the interdependencies between periods. All else constant, how does the optimal rotation time change compared to the basic model and why?
give a numerical example to show that a monopolists marinal revenue can be upward-slping over prt of its range. hint
After reading about the Golden Standard, William Jennings Bryan's emotional speech, write an essay analyzing what might have happened if William had won the 1886 election in the United States?
the marginal abatement cost curves for two air pollutant sources affecting a single receptor are mac1 0.3a1 and mac2
A new soap press purchased by the Rub-a-Dub-Dub Soap Company costs $65K. Determine the payback period in months if the press can produce 120 gross of bars.
Marx says that 'it is not the consciousness of people that determines their being, but their social being that determines their consciousness'. What does Marx
A professor of engineering economics owns a 1996 car. In the past 12 months, he has paid $2000 to replace the transmission, bought two new tires for $160.
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Explain how these problems are inte..
Calculate the natural rate of unemployment for this example. Now assume that pet = ?pt-1 and suppose ? is initially equal to 0. Suppose that the rate.
Explain the different outcomes between perfect competition and monopoly (“regular” monopoly). Use a single graph to illustrate this difference.
A school fundraiser raffles off a free trip to Hawaii. Many people purchase raffle tickets, but there is only one winner.
Paul owns the only newsstand in town. All the townspeople buy from him and love to come by and talk for a while. They enjoy it so much that if Paul doubles.
discuss the application of Statistical Inference, Regression Analysis, Time Series, Forecasting Methods, Optimization and Decision Tree Modeling.
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