Are the below statements true or false (correct or wrong)? You have briefly to motivate your answer using graphs and/or arguments. a) A specific forest area is discovered to be an important habitat for a certain variety of snakes. Thus, the optimal timber rotation time should be extended. b) Assume a mine extracting
Are the below statements true or false (correct or wrong)? You have briefly to motivate your answer using graphs and/or arguments.
a) A specific forest area is discovered to be an important habitat for a certain variety of snakes. Thus, the optimal timber rotation time should be extended.
b) Assume a mine extracting both copper and silver. If the price of copper falls and the mine managers decides to increase the production of silver, silver then represents a socalled by-product.
c) A rise in global demand for copper will shorten the reserve life of a given copper mining operation.
d) If a farm grows two different crops and the price of one of the crops increases, the production mix will shift towards reduced production of the crop that has become more expensive.
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