News Center
Mason News
News Center
 SEARCH:
  WebSite  
TheSpringGarden
Plants & trees, gardening products & equiptment, homedecor
SunglassEyeglasses
All stunning brand names sunglasses at the great prices
DIYHomeSupplies
Do it yourself woodworking projects & home remodeling supplies
UnitedPlus
Gift Ideas. Diecasts, Figurines, American Heroes, and much more
CarPartsAccessoriesEtc
Search and shop for auto parts & accessories online. Simple & Convenient
Sewing Machines
Top notch sewing machines, vacuums, and appliances.
For home or commercial.
Patio & Landscape
Ready for family united BBQ in the summer? A Large selection of outdoor furnitures
FontsWorld
Looking for those cool fonts? Here, variety of all around the world fonts. Free Download.
 

Go Back   Freemason Hirams Travels Masonic Forums > Social Science > Economics

Economics Economics

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-29-2008, 05:33 AM
Member
 
Join Date: Mar 2008
Posts: 2
Rep Power: 0
worriedaboutfuture has a spectacular aura about
environmental economics HELP?!?

Suppose an exhaustible resource is to be allocated across three periods. Demand for the resource is increasing over time, marginal extraction costs are constant at $20, and a total of 2600 tons of the resource exist:

Demand in period 1: P1 = 100 - 0.1*Q1
Demand in period 2: P2 = 200 - 0.1*Q2
Demand in period 3: P3 = 300 - 0.1*Q3
Marginal extraction costs: MEC =20
Total stock available: 2600 tons
In addition, the periods are one generation apart, with an interest rate between them of 100%.

Find the efficient allocation of the resource across the three periods. What will the price, quantity, marginal extraction cost and royalty be in each period? Be sure to show all your work.

Now suppose that a backstop resource is available at a marginal cost of $140. Calculate how the backstop would change the efficient use of the resource. Be sure to show what happens to prices, extraction costs, royalties and production in each period. How much of the backstop resource ends up being produced in total? You should assume that everyone knows about the backstop at the beginning of period 1.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Bookmarks


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Do we live in age of environmental economics? Pamela_88 Economics 0 04-17-2008 10:20 AM
Is there any Department of Environmental Science/Environmental Engineering Frank, the True Believer Engineering 1 04-15-2008 11:55 AM
environmental engineering? what is it? AyJay Muffincakes Engineering 0 04-09-2008 06:43 PM
According to a study concerning environmental economics? sanko Economics 2 03-06-2008 10:08 AM
Careers in Environmental Economics? jo. Economics 0 03-04-2008 06:17 PM


All times are GMT -5. The time now is 10:18 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.1.0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124