Careless mining and timber harvesting in tropical forests can destroy entire species of flora and fauna, create soil problems, and even threaten the existence of primitive people who rely on what the forests provide. Yet in a number of countries, business entrepreneurs are exploiting the rain forests for profit. Under what conditions, if any, is it ethical for a mining or lumber company to harvest the resources of a rainforest

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.