Question
Suppose you are the owner of a forest stand. You are currently weighing the costs and the benefits of increasing the rotation length for all
Suppose you are the owner of a forest stand. You are currently weighing the costs and the benefits of increasing the rotation length for all of your forest rotations. Which of the following statements should you consider in your decision?
a. All of these statements should influence your decision.
b. The marginal benefit of letting the current forest stand grow a little longer.
c. The opportunity cost of delaying the benefits received from cutting the current stand.
d. The opportunity cost of of delaying the benefits of all future forest rotations.
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