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. The equation representing a sustainable harvest/catch level, b s, in S is b s = S(1 - S/ ).
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. The equation representing a sustainable harvest/catch level, b s, in S is b s = S(1 - S/ ).
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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