Mathematics, 09.07.2021 03:10 chrisssrutter
If the value of timber is the following increasing function of time: V = 2√t Expressed in units of Rs. 1000. Assuming a discount rate of r and also assuming zero upkeep cost during the period of timber growth, what is the optimal time to cut the timber for sale? Calculate optimal time for r = 5%
Answers: 3
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If the value of timber is the following increasing function of time: V = 2√t Expressed in units of R...
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