Abstract
Production-function analysis is applied to data from a spacing research carried out for a hybrid of Eucalyptusurophylla S.T. Blake in Brazil. A logarithmic –reciprocal equation is chosen as the best fitting production function for the present data, and its elasticities of production, elasticity of scale, and elasticity of substitution are computed. Given the production function, the set of input quantities which maximize the present net worth of an infinite number of forest cycles for a range of discount rates is presented.

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