CLASS RESULTS

Interpreting the commons picture:

The green area is the size of the commons. When just filled with cows, the collectively optimal number of cows is on the commons. Green area without cows indicates that grazing MORE cows would increase community milk production. Grey cows indicate that too many cows are being grazed and grazing FEWER cows would increase community milk production.

Details of Round 1
               No. of  Revenue   Profit
Name            Cows   or Loss   Per Cow
                100   -10000    -100

 Summary of Round: 1
                     Actual         Optimal*
* = optimal would max total milk production
Farmers:               5        No optimal #
Cows:                  500             100
Total milk:       $ -50000.00       $ 20000
Milk/rancher:     $ -10000.00       $ 4000