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Assume the relationship between the growth of a fish population and the population size can be expressed as g = 4P-0.1P^2, where g is the growth in tons of fish and P is the size of the fish population (in thousands of tons). Given a price of $100 per ton, the marginal benefit of smaller population sizes is MB = 20P-400.
a.) Compute the population size that is compatible with the maximum sustainable yield. What would be the size of the annual catch if the population were to be sustained at this level?
b.) If the marginal cost of additional catches (in terms of population size) isMC = 2(160-P), what is the population size that is compatible with the efficient sustainable yield?
Estimate the relationship among inflation,unemployment and business cycle on the industry.
Suppose that through some cultural revolution one-half of Americans became vegetarians and would no longer eat any kind of meat. Assume that beef producers compete in perfect competition, and use supply and demand curves to explain the impact.
You are asked to find the slope intercept form of the equation for a straight line and you are told that these two points are on that line: (x, y) = (10, 20) and (12, 18).
Corn is a key input in the poultry, dairy, hog, and cattle industry. Ellucidate effect has the sharp increase in the price of corn had on these industries.
Explain how to describe price elasticity of demand. What are the factors that affect price elasticity of demand.
Keep in mind that the oil price is not the same as the price level in macroeconomics diagrams, even though the changes in oil price indirectly affect the general price level (such as CPI and GDPD).drawing of macroeconomic model of AD-AS behavior
You're the manager of copies are us. The only copy store in town, the carbon copy, recently got bids on adding a colour copier.
1. using the traditional keynesian model explain how contractionary monetary policy would affect equilibrium aggregate
using appropriate graph explain your answers to following questions.a yesterday the current exchange rate was 1.05 u.s.
If the MPC = 0.80 and taxes are increased by $1,000, the Keynesian model predicts the change in equilibrium GDP will be:
Determine the equation of the total revenue (TR), average revenue (AR) and marginal revenue (MR).
Suppose that you will receive $2000 a year in years 1 thru 5, $3000 a year in years 6 thru 8, and $4000 in year 9 with all cash flows to be received at the end of a year.
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