SCRIBE POST OCTOBER 18

This post covers everything we learned on October 18th on sections 23.3-.4

We started class off by watching this video:

This video relates to the equation for exponential reserve: n=(ln(1+(S/U)r))/(ln(1+r)).

In class we also clarified when to used the static reserve formula and when to use the exponential reserve formula. The difference is that the exponential reserve formula takes into account a growing rate of consumption whereas the static equation does not.

Renewable Resource: "any natural resource (as wood or solar energy) that can be replenished naturally with the passage of time."

Non-Renewable Resource: "any natural resource from Earth that exists in limited supply and cannot be replaced. "