Use the following potential harvest years of timber (in cubic ft) from a forest, assume that the price of timber is $1 (net of harvest costs) per cubic foot and the interest rate is 10%

1) from a biological perspective, the best year to harvest timber is in the year?_____

2) if timber is to be harvested and replanted over an infinite horizon, the best harvest period is less than? _____

3) the present value of timber harvest in year 30 is? ______

4) if timber is to be harvested only once, the best harvest year is? _______

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Transcribed Image Text:

Year Timber Volume (cubic feet) 10 20 20 50 30 110 40 180 50 240 60 290 70 230 80 360 90 380 100 390 Year Timber Volume (cubic feet) 10 20 20 50 30 110 40 180 50 240 60 290 70 230 80 360 90 380 100 390

Answer rating: 100% (QA)

answer 1 From a biologicalperspective year 100 is the best fo... View the full answer