Assume that the relationship between the growth of a fish population and the population size can be expressed as: g = 2P - 0.1P *** where g is the...
This question has been answered
Question

Assume that the relationship between the growth of a fish population and the population size can be expressed as:

g = 2P - 0.1P

*** where g is the growth in tons and P is the size of the population (in thousands of tons). ***


Given a price of $50 per ton, the marginal benefit of smaller population sizes can be computed as:

MB = 10P - 200


Compute the population size that is compatible with the maximum sustainable yield.


Calculate the size of the annual catch if the population were to be sustained at this level. If the marginal cost of additional catches (expressed in terms of the population size) is MC = 2(80 - P), calculate the population size that is compatible with the efficient sustainable yield.

Answered by Expert Tutors

e vel laoreet ac, dictum vitae odio.


a molestie

fficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam laciFusce dui lectus, congue veloneciplestie conseq

Step-by-step explanation

IMG_20201227_053659_2_1609036783633.jpgIMG_20201227_053811_2_1609036825127.jpg

lestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adi
2 Attachments
IMG_20201227_053659_2_1609036783633.jpg
jpg
IMG_20201227_053811_2_1609036825127.jpg
jpg
The student who asked this found it Helpful
Overall rating 100%
Get unstuck

443,297 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses