The biological relationship between the growth for the fish population and the size of the fish population is g= 12S(1-S/4) 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 $40. The efficient sustained effort level, E e= Hint: Write the number in one decimal place.
The biological relationship between the growth for the fish population and the size of the fish population is g= 12S(1-S/4) 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 $40. The efficient sustained effort level, E e= Hint: Write the number in one decimal place.
Chapter1: Making Economics Decisions
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Problem 1QTC
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![The biological relationship between the growth for the fish population and the size of the fish population is
g = 12S(1 - S/4)
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 $40.
The efficient sustained effort level, E e=
Hint: Write the number in one decimal place.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf605b71-789d-48e0-8055-d8207016854b%2F6eb4aec9-fe66-4df3-8e10-719a7615ca83%2Fk3pgu4c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The biological relationship between the growth for the fish population and the size of the fish population is
g = 12S(1 - S/4)
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 $40.
The efficient sustained effort level, E e=
Hint: Write the number in one decimal place.
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