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Determines the optimal rotation period

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Reference no: EM131523869

When dealing with natural resource economics, specifically forests.

  1. Explain the economic intuition for the condition that determines the optimal rotation period.
  2. Why is each rotation period the same length of time?
  3. How does the optimal rotation period change when planting costs fall?
  4. How does the optimal rotation period change when a tax on the volume of wood harvested is imposed?
  5. How does the optimal rotation period change when a license fee is imposed for using the land?

Reference no: EM131523869

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