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3 years ago

How does hotelling's theory apply to politics? Do you agree with this application? Why or why not?

1 answer:

4 0

A theory proposed by Harold Hotelling states that owners of nonrenewable resources will only produce that resource if it wills the yield will have more value than other financial instruments available in the market, such as interest bearing securities and bonds. This assumes such owners are only motivated by profit and that markets are efficient. The theory is used by economists to predict the price of nonrenewable resources like oil, based on prevailing interest rates.

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A confined aquifer has a specific storage of 2.4 x 10-S ft and a thickness of 300 ft. How much water (in acre-ft) would it yield

Georgia [21]

Answer:

water it yield is 244290.45 ft

Explanation:

given data

specific storage SS = 2.4 × $10^{-5}$ ft

thickness b = 300 ft

water declined ΔH = 4.8 ft

radius r = 1,500 ft

to find out

How much water would it yield

solution

we know that

volume of water is

Vw = S × Area × ΔH ..............1

here S = specific storage × thickness

S = 2.4 × $10^{-5}$ × 300

S = 7.2 × $10^{-3}$

and

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Vw = 244290.45

so water it yield is 244290.45 ft

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