PPT-The Environmental Costs of Palm Oil Production

By Gigi Finn Vocabulary Rainforest A warm and wet forest Deforestation Destruction of forests Palm oil An oil made from palm fruit Derivative Something that can be made from another substance. Paul M. Rickelman – September 23, 2011. Evidentiary Issues. Valuing and Acquiring Environmentally Contaminated Properties . (IICLE . Eminent Domain Update June 12, 2009) – Lenny D. Asaro. Contamination Evidence inadmissible. . IB DP Economics. The Theory of the Firm. The Theory of the Firm. The theory of the firm consists of a number of economic theories that describe, explain, and predict the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.. Omorefe. ASEMOTA. Executive Director,. Nigerian Institute for Oil Palm Research, PMB 1030, . Benin City. Oil palm – Enough space for attention away from to crude oil obsession . Source: Cartoon from The Vanguard 20. AP Microeconomics. UHS. Barnett. Total Revenue, Total Cost, Profit. We assume that . the firm’s goal is to maximize profit. .. Profit. = . Total revenue. – . Total cost. the amount a firm receives from the sale of its output. Oilseeds Division . DAC&FW, Krishi Bhavan. OIL PALM. Oil Palm- . Elaeis guineensis. . (African oil palm). . Elaeis oleifera. . (American oil palm). Economic Cropping period : 25-30 years. Scientific Name: . Elaeis. . guineensis. . (African oil palm). . Elaeis. . oleifera. . (American oil palm). Economic Cropping period : 25-30 years. First Harvest : After 4 years. 1. Scarcity. 2. Scarcity. Resources are scarce. You can’t always get what you want so everyone must make choices.. Choices can be dependent on money but also time.. Why do individuals have to make choices? . Why Support the RSPO?. Why We Do Not Support. Boycotting Palm Oil. Indonesia . and Malaysia struggle with . poverty…. . developing countries need . some way to drive their . economies. We realize that palm oil would be replaced with another crop that could cause worse environmental problems . Previously. Externalities . exist when social costs (benefits) differ from internal costs (benefits).. It may be possible to correct for externalities by discouraging (encouraging) activities that harm (benefit) third parties.. Effecting Corporate, Environmental, and Societal. Change for the Good of Us All. 160 Durham Ave, Suite 105. Metuchen NJ 08840. 732-710-4934. www.commoninterestsfinancial.com. Booknow.so/. commoninterestsfinancial. Prof . Prasanna. . Shembekar. . Production . Process by which resources are transformed in to more useful goods or services. Processing, assembling, producing, manufacturing, extracting, purifying, packaging, storing, transportation, retailing are all productive activities as they add “Value”. Production Processes. Unit production.. Physically identifiable job (e.g., shipbuilder, consulting job).. Batch (or lot) production.. Batch of identical items moves from one factory work station to another (e.g., 100 fuel injectors).. THE COSTS OF PRODUCTION. Total Revenue, Total Cost, Profit. We assume that . the firm’s goal is to maximize profit. .. Profit. = . Total revenue. – . Total cost. the amount a firm receives from the sale of its output. Dr. Ananda . Sabil. Hussein. Introduction. International firms must answer five interrelated questions: . 1.. Where should production activities be located? . 2.. What should be the long-term strategic role of foreign production sites? .