6a, 5-15-09, Timber

# 6a, 5-15-09, Timber - ANSW ER 1 2 3 4 5 6 7 8 9 10 11 12 13...

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ANSW ER # 6 1 B 2 A 3 E 4 A 5 A 6 B 7 D 8 B 9 B 10 C 11 B 12 E 13 B 14 B Quiz #6a, 5-15-09, Timber (and a little on water) 1. The “Triad” paper listed 3 major competing uses for storage space in water reservoirs.  What fourth one did I add in class on Wednesday? a. Water supply b. Repelling salinity from the Delta c. Power generation d. Flood control e. None of the above 2. What fishery resource competes with water supply in managing water in “the Delta” (of  the Sacramento and San Joaquin Rivers)? a. Smelt, an endangered species b. Cod, a major commercial species c. Striped Bass, a favorite of sport fishermen (and a few fisherwomen, but sport  fishing seems to be mostly a male obsession)

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d. Rainbow Trout e. None of the above 3. How does the financial economist spread a future revenue, e.g. stumpage expected in  future year “n” (S n ), over time? a. Do not just divide by n b. Multiply by the Sinking Fund Factor, SFF.  SFF = i/[(1+I) n  – 1] c. Divide by the Future Value Factor, FVF.  FVF = [(1+I) n  -1]/i d. Discount to the present, then multiply by the Installment Plan Factor, IPF.  IPF = i/[1 – (1+i) -n ] e. All the above 4. What solution to the question of “When to cut a tree?” would you normally find in a
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## This note was uploaded on 02/03/2010 for the course ECON econ148 taught by Professor Fle during the Winter '09 term at UC Riverside.

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6a, 5-15-09, Timber - ANSW ER 1 2 3 4 5 6 7 8 9 10 11 12 13...

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