There is a shrimp species whose Marginal Growth Function is MG(S) = 1 - 2S/K. Where S is the stock level and K the carrying capacity. Assume that K = 500, and the discount rate is 4%. Use the golden rule of growth to find: the optimal (profit maximizing) level of stock for this shrimp species the stock level that gives maximum sustainable yield.

There is a shrimp species whose Marginal Growth Function is MG(S) = 1 - 2S/K. Where S is the stock level and K the carrying capacity. Assume that K = 500, and the discount rate is 4%. Use the golden rule of growth to find: the optimal (profit maximizing) level of stock for this shrimp species the stock level that gives maximum sustainable yield.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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