Gce Model Questions Vol1 2020 Agricultural Science Question 38
Practice objective / multiple choice question 38 from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
The timber volume (in cubic metres per hectare) of a pine stand at age \( t \) years is given by \( V(t)=0.05t^{2} \) for \( 0\le t\le 40 \). Timber sells for \$120 per cubic metre and the cost of re‑planting after each harvest is \$500 per hectare. The discount rate is \( i=5\% \) per year. Using the Faustmann formula, determine the rotation age that maximises the land expectation value (LEV). Give the optimal age in whole years.
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About This Question
This is Gce Model Questions Vol1 2020 Agricultural Science Question 38. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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