Question

My wife and I used to live in a beautiful and remote agricultural area of West Virginia. Then a new interstate highway was built through the area (“Corridor H”). Use the idea of “bid functions” to explain how this highway is likely impacting the allocation of land between residential, agriculture, and forest in this area.

Answer 1

We know that bid means it is an offer made by the invester to buy a security or commodity. It is only done when the offerer and offere are agreeing to the terms and conditions.

In this scenerio you and your wife used to live in the beautiful and remote agricultural area of west virginia. Then a new interstate highway was built through the area. There are many imapacts that have to be faced by your family-

1) When this highway was built the. It will not be a perfect land for agriculture, because there arises pollution and other emissions thar are not useful for the agriculture.

2)By using bid function they can make offer for the activites that are done to their land.

3) They have to be more concious about your agricultural land and they have to make more suggestions to improve the land.

4)The allocation of land between residential, agriculture and forest in the area they have to make assure about the improvemnts that have to be taken for their efficiency in the agriculture.