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Exam 23: The Economics of Resources
Path 4
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Question 1
Short Answer
Use the following reproductive curve for a population to answer the Questions . Units are in thousands.
-Estimate the maximum sustainable yield.
Question 2
Essay
Suppose that a nonrenewable resource is only available for a fixed supply
S
S
S
. if we are using
U
U
U
units per year and continue using
U
U
U
units per year, then find the expression for the static reserve.
Question 3
Multiple Choice
Suppose the world demand for iron is about 420,000,000 tons per year. The known global reserves are 100,000,000,000 tons. What is the static reserve for iron?
Question 4
Multiple Choice
The population of a small town was 1200 at the beginning of 2009. Assuming an average growth rate of 4.2% per year, what will the population be at the beginning of 2019?
Question 5
Multiple Choice
Use the following reproduction curve for a population to answer the Questions Units are in thousands.
-The sustainable yield corresponding to a population of size 10,000 remaining after the harvest is approximately:
Question 6
Multiple Choice
If
H
p
/
H
b
\ { H } _ { p } /H _ { b }
H
p
/
H
b
is approximately equal to 1, then
H
e
H _ { e }
H
e
is approximately equal to:
Question 7
Multiple Choice
The population of the state of Alaska in 1700 was about 302,583. In 2000, the population was about 634,900. What was the average growth rate over that period?
Question 8
Multiple Choice
The sustainable yield corresponding to a population of size 40,000 remaining after the harvest is approximately:
Question 9
Multiple Choice
A population grows according to a logistic growth model, with population parameter
= 4.0 and starting population fraction x = 0.7 for the first year. The value of x after the fourth year is:
Question 10
Short Answer
A population grows according to a logistic growth model, with population parameter
= 1.9 and x = 0.05 for the first year. Find the value of x after the third year.
Question 11
Multiple Choice
A population grows according to a logistic population model, with population parameter
= 2.2 and starting population fraction x = 0.61 for the first year. The value of x after the third year is: