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Upcoming in Class

Upcoming in Class. Homework #9 Due Wednesday Quiz #4 Wednesday Group Outline Due Wednesday today by 5pm Exam #4 – Nov. 28 th Homework #10 Group Presentations – Dec. 3 & 5. Homework 9.

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Upcoming in Class

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  1. Upcoming in Class Homework #9 Due Wednesday Quiz #4 Wednesday Group Outline Due Wednesday today by 5pm Exam #4 – Nov. 28th Homework #10 Group Presentations – Dec. 3 & 5

  2. Homework 9 • Read “Bye, Bye Bison” by Daniel Benjamin. Explain the change in property rights that allowed the bison population to recover.

  3. Homework 9 • Open-access regulations (permits, taxes, technology restrictions) and limited-entry regulations(ITQs, private ownership) are both intended to reduce the problems that result from unregulated open access to a fishery. However, economists argue that limited-access regulations are preferred to open-access regulations on efficiency grounds. Explain why.

  4. Homework 9 • Explain why the characteristics of timber make it both an output and capital good.

  5. Homework 9 • Graph the growth curve of timber. What the factors that affect this growth curve?

  6. Homework 9 • Explain the criterion used to determine the optimal age to harvest a stand of trees.

  7. Upcoming in Class Quiz #4 Wednesday Group Outline Due Wednesday today by 5pm Exam #4 – Nov. 28th Homework #10 Group Presentations – Dec. 3 & 5

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