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1) Efficient Timber Harvest Based on each situation described below, use the equation below to: i. Indicate which variable would capture the effect most accurately
1) Efficient Timber Harvest Based on each situation described below, use the equation below to: i. Indicate which variable would capture the effect most accurately ii. If the change in the variable would cause the quantity harvested in the period specified to increase or decrease. Be specific which time period/year would be impacted ((0 + ) 1) + 1 1 + > (0 0) + 0 A. The price of timber this year/period increases B. The cost to harvest timber next year/period decreases
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