The biological relationship between the growth for the fish population and the size of the fish population is g=15S(1-S/5) where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the amount of human effort expended b=3ES where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $50. If we rewrite the sustainable harvest/catch level equation in terms of effort level, E, then we have bg=[a]E-[b]E [C] 3 [None Given] [None Given] Specified Answer for: a Specified Answer for: b Specified Answer for: c
The biological relationship between the growth for the fish population and the size of the fish population is g=15S(1-S/5) where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the amount of human effort expended b=3ES where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $50. If we rewrite the sustainable harvest/catch level equation in terms of effort level, E, then we have bg=[a]E-[b]E [C] 3 [None Given] [None Given] Specified Answer for: a Specified Answer for: b Specified Answer for: c
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 13RQ: Explain why societies cannot make a choice above their production possibilities frontier and should...
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![Question 3
The biological relationship between the growth for the fish population and the size of the fish population is
g = 15S(1-S/5)
where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the
amount of human effort expended
b=3ES
where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $50.
If we rewrite the sustainable harvest/catch level equation in terms of effort level, E, then we have b = [a]E - [b]E [c]
3
[None Given]
[None Given]
Specified Answer for: a
Specified Answer for: b
Specified Answer for: c](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcaf3db41-d9ef-43d0-877c-fa8cae577e4f%2F052e235f-6b61-4f16-8b18-4204ca99fd03%2Fcbcy5fi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 3
The biological relationship between the growth for the fish population and the size of the fish population is
g = 15S(1-S/5)
where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the
amount of human effort expended
b=3ES
where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $50.
If we rewrite the sustainable harvest/catch level equation in terms of effort level, E, then we have b = [a]E - [b]E [c]
3
[None Given]
[None Given]
Specified Answer for: a
Specified Answer for: b
Specified Answer for: c
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