a) Formulate a model for the optimal rotation of a plantation of trees or a brood of fish and derive the condition for optimal rotation Explain the difference between the harvesting time under optimal rotation versus the case where the present value of only one harvest is maximized b) What are the...

1 To formulate a model for the optimal rotation of a plantation of trees or a brood of fish we need to consider the time value of the resources and the objective of maximizing the net present value NP ...

a) Formulate a model for the optimal rotation of a plantation of trees or a brood...

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

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Authors: Thomas Nechyba

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a) Formulate a model for the optimal rotation of a plantation of trees or a brood...

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Microeconomics An Intuitive Approach with Calculus

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