Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The factors that influence efficient renewable resource management are the same as the factors that affect nonrenewable resource management: the demand for the resource, the initial stock, the costs of extraction, and the discount rate. In contrast to nonrenewable resources, of course, the growth rate of the renewable resource also plays a role. Let's compare and contrast the roles of these factors for the two kinds of resources. (a) How does a higher discount rate affect the immediate harvest of a renewable and a nonrenewable resource? Does a higher interest rate have the same or different qualitative effect? (b) How does an increase in the initial stock affect the immediate harvest of a renewable and a nonrenewable resource? Does it have the same or different qualitative effect? (c) How does an increase in costs of extraction affect the immediate harvest of a renewable and a nonrenewable resource? Does it have the same or different qualitative effect? (d) Suppose that demand for a renewable resource is expected to increase in the future. Would resource managers prefer to have more or less of the resource available then? How can they arrange to have their preferred stock at that time? What effect will that arrangement have on current harvest of the renewable resource? Is this effect qualitatively the same as or different from the effect of future increased demand for a nonrenewable resource? (e) Unlike for a nonrenewable resource, it is possible to have a sustained-yield harvest of a renewable resource. Is a sustained-yield harvest always desirable? Provide an example of a situation where an unsustainable harvest may nevertheless be efficient. (f) Nonrenewable resources, such as aquifers (underground pools of water) can also be open-access resources. Do you expect that open access will pose the same problems for nonrenewable resources that they do for renewable resources? Why or why not?
Explain how, with trade, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn while Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat.
What is the South African government providing?
What type of market structure is the auto industry? Has consumer surplus been affected in any way due to the changes in the auto industry structure, and if so, how?
suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and
consider two consumers a and b. a and b both want perfect consumption smoothing c cf and both have no current wealth.
Suppose that an individual allocates his or her entire budget between two goods, food and clothing. Can both goods be inferior? Explain.
determine the two equal deposits the first deposit required now and the second deposit at the end of year 6 so that you
discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue
suppose that the interest rates in the u.s. and germany are equal to 5 that the forward one year value of the euro is
Determine the price, income and cross price elasticity of demand and how would you characterize the demand for haddock?
consider competitive markets monopolies and oligopolies. what role does each of these play in an economy? write a 1050
you are responsible for economic policymaking in your country. your desire is to eliminate inflation keeping prices
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd