Qu y Denmanded h Quantiry Supettedon tce per ten $11. 00 12.000 27000 $11.35 15.000 24.000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 Suppose the average fisherman can catch 100,000 pounds of Bluefin tuna every year. What is the value of a Bluefin tuna fishing license? O 135000 O 113500 540000 100000 O 270000
Qu y Denmanded h Quantiry Supettedon tce per ten $11. 00 12.000 27000 $11.35 15.000 24.000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 Suppose the average fisherman can catch 100,000 pounds of Bluefin tuna every year. What is the value of a Bluefin tuna fishing license? O 135000 O 113500 540000 100000 O 270000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Expert Solution
Step 1
Limit the tuna fishing to a total of 15,000 tons per year.
15,000 tons of tuna fish demanded at a price of $11.35 per pound
15,000 tons of tuna fish supplied at a price of $10 per pound.
Quota rent per pound = $11.35 - $10
=> Quota rent per pound = $1.35
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