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Business
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| Number of pages / Number of words: |
4 / 1065 |
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Therefore it can be said, the sensitivity of a scenario stems from the amount of change to the TGM in regards to the change to variables, such as labour, stocking rate, and land availability (Sinden et al. 1995). The shadow prices for cattle in all three scenarios are very similar, being within one dollar from the shadow price of $412...
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1995). The shadow prices for cattle in all three scenarios are very similar, being within one dollar from the shadow price of $412. Increasing the availability of one head of cattle will give a benefit of $412 towards the TGM, a large increase from the final value of -$20. It must be considered that this increase will not be maintained when stocking rate reaches a point that is productively unsustainable, due to extra pressure placed on feed availability...
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