Excluding externalities, the cost of a logging operation is constant at $20 (that's marginal and...
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Excluding externalities, the cost of a logging operation is constant at $20 (that's marginal and average cost). # of operation Total Revenu e Average Revenu e Marginal Revenu e 1 40 40 40 2 75 37.5 35 3 105 35 30 4 130 32.5 25 5 150 30 20 6 165 27.5 15 7 175 25 10 00 180 22.5 5 9 180 20 0 A) What is the efficient number of logging operations? Explain B) How much resource rent is generated at this level? Why? ) With open access to the forest, how many operations will there be
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You can see the logs in the Dashboard.