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Quiz 23: The Economics of Resources
Path 4
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Question 1
Short Answer
Suppose the world demand for gold is about 32,000,000 troy ounces per year. The known global reserves are 100,000,000,000 troy ounces. What is the static reserve for gold?
Question 2
Short Answer
Suppose the world demand for aluminum is about 16,800,000 tons per year. The known global reserves are 1,700,000,000 tons. The demand for aluminum is increasing at a rate of 6.4%. What is the exponential reserve for aluminum?
Question 3
Short Answer
Suppose the world demand for coal is about 2,174,000,000 tons per year. The known global reserves are 5,000,000,000,000 tons. The demand for coal is increasing at a rate of 4.1%. What is the exponential reserve for coal?
Question 4
Short Answer
Use the following reproductive curve for a population to answer the Questions. Units are in thousands.
-Estimate the equilibrium population size.
Question 5
Short Answer
Use the following reproductive curve for a population to answer the Questions . Units are in thousands.
-Estimate the sustainable yield corresponding to a population of size 20,000 remaining after the harvest.
Question 6
Short Answer
Suppose the world demand for coal is about 2,174,000,000 tons per year. The known global reserves are 5,000,000,000,000 tons. What is the static reserve for coal?
Question 7
Short Answer
Use the following reproductive curve for a population to answer the Questions . Units are in thousands.
-Estimate the maximum sustainable yield.
Question 8
Short Answer
A colony of penguins had 541 members at the beginning of 1994. At the beginning of 2015, the colony had grown to 770 members. What was the average growth rate over that period?
Question 9
Short Answer
The population of the state of Virginia was 7,187,700 at the beginning of 2002. Assuming an average growth rate of 1.5% per year, what will the population be at the beginning of 2020?
Question 10
Short Answer
The population of a small town was 4200 at the beginning of 2002. Assuming an average growth rate of 0.2% per year, what will the population be at the beginning of 2020?
Question 11
Short Answer
A colony of penguins had 534 members at the beginning of 1998. At the beginning of 2015, the colony had grown to 821 members. What was the average growth rate over that period?
Question 12
Short Answer
A colony of penguins had 352 members at the beginning of 1998. The colony is expanding at an average rate of 1.2% per year. How many penguins will there be at the beginning of 2015?
Question 13
Short Answer
Suppose the world demand for zinc is about 5,000,000 tons per year. The known global reserves are 123,000,000 tons. What is the static reserve for zinc?
Question 14
Short Answer
Suppose the world demand for zinc is about 5,000,000 tons per year. The known global reserves are 123,000,000 tons. The demand for zinc is increasing at a rate of 2.9%. What is the exponential reserve for zinc?
Question 15
Short Answer
Use the following reproductive curve for a population to answer the Questions. Units are in thousands.
-Estimate the sustainable yield corresponding to a population of size 40,000 remaining after the harvest.
Question 16
Short Answer
Use the following reproductive curve for a population to answer the Questions . Units are in thousands.
-Estimate the equilibrium population size.
Question 17
Short Answer
A population grows according to a logistic growth model, with population parameter
λ
\lambda
λ
= 4.1 and x = 0.9 for the first year. Find the value of x after the second year.
Question 18
Short Answer
Suppose the world demand for gold is about 32,000,000 troy ounces per year. The known global reserves are 100,000,000,000 troy ounces. The demand for gold is increasing at a rate of 4.1%. What is the exponential reserve for gold?