Neco Model Questions Vol1 2023 Agricultural Science Question 16
Practice objective / multiple choice question 16 from the 2023 Neco Model Questions Vol1 Agricultural Science examination.
Forestry: The volume of timber (in cubic metres per hectare) that a stand yields after \(t\) years of growth is approximated by \(V(t)=0.4\,t^{1.6}\). A forester plans to adopt a clear‑cut rotation system and wants to choose a rotation age among 25, 35 or 45 years that maximises the present value of the timber per hectare. Assume a constant annual discount rate of 10 % and that the present value of an infinite series of identical rotations is proportional to \(\frac{V(T)}{(1.10)^{T}}\). Which rotation age gives the highest present value?
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This is Neco Model Questions Vol1 2023 Agricultural Science Question 16. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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