Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Question
Chapter 17, Problem 17.11P
a)
To determine
To find:
Total value of planned harvesting activity.
b)
To determine
To know:
Value of t which maximizes t
c)
To determine
To know:
Interpret the result and ways in which optimal usage of input time.
d)
To determine
To know:
Maximum timber available from tree.
e)
To determine
To know:
Change in optimal period if r is decreased to 0.04.
f)
To determine
To know:
Optimal rotation period and whether maximum sustainable yield is produced or not.
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Chapter 17 Solutions
Microeconomic Theory
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